The naira settled at N1,538.50 per dollar in the foreign exchange market on Monday, marking its first depreciation after a streak of appreciation. According to the...
The naira saw a significant appreciation against the dollar on Thursday, driven by an increase in foreign exchange supply. According to FMDQ data, the naira strengthened...
The naira gained strength against the dollar in the foreign exchange market following the Central Bank of Nigeria’s recent interest rate hike. According to data from...
The Central Bank of Nigeria (CBN) has uncovered a new fraudulent scheme involving fake SWIFT messages and has warned Nigerians and the public to be cautious...
Experts are raising alarms as Nigeria’s currency, the Naira, continues to decline, with the exchange rate soaring to ₦1,740/$1 in the parallel market following weekend trading....
In July 2024, commercial and merchant banks closed 23.3 million customer accounts. This marks a 0.56% month-on-month increase from the 23.17 million accounts closed in June....
The naira experienced a significant decline against the dollar in the foreign exchange market following the Central Bank of Nigeria’s (CBN) fifth interest rate hike, raising...
The Economic and Financial Crimes Commission (EFCC) informed a federal high court in Lagos that no individual has come forward to claim the $2.045 million linked...
The Central Bank of Nigeria (CBN) has authorized the sale of $20,000 to each Bureau De Change (BDC) operator at an exchange rate of N1,580 per...