Nigeria’s external reserves hit 17-year high of $50.12bn
Nigeria's external reserves reached $50.12 billion, their highest level in 17 years.
CBN raises tuition fee limit to $25,000 for students abroad
CBN raises the maximum tuition remittance for Nigerian students abroad from $15,000 to $25,000 per semester.
Naira weakens as forex turnover plummets 47 percent in a week
The naira weakened against the dollar as forex market turnover fell 47 percent during the week.
CBN Facilitates $600 Million Remittance via IMTOs in One Year – Cardoso
The Central Bank of Nigeria (CBN) facilitated the transfer of around $600 million through International Money Transfer Operators (IMTOs) over...
Naira Depreciates Slightly Against Dollar Ahead of Nigeria’s 64th Independence Day
The naira experienced a slight depreciation against the U.S. dollar on Monday, closing at N1541.94 per dollar at the official...
PZ Cussons Explores Partial or Full Sale of African Subsidiaries Amid Naira Depreciation
PZ Cussons, the multinational consumer goods company and parent company of PZ Cussons Nigeria, has announced plans to sell either...
CBN Sets New Forex Regulations for BDC Operations
The Central Bank of Nigeria (CBN) has issued a directive requiring entities that sell foreign exchange to Bureau De Change...
Naira fall To N437 Against Greenback At I&E Window
The Nigerian currency fell to N437 per dollar at the official market following a 95% surge in forex demands.
Naira Falls To N686/$ At Parallel Market, Sheds 0.09% At I&E Window
The rate of the naira against the dollar fell to N686 at the parallel market on Tuesday as against N684 it traded on Monday.
Naira To Dollar Exchange Rate Further Falls To ₦685/$1 At Peer-To-Peer (P2P) Forex Market
[ODUNEWS] July 27 – The exchange rate between the Nigeria Naira(₦) and the US dollar($) has fallen to a record...