See Naira and Dollar Latest Exchange Rate Today
Naira has suffered a loss against the dollar at the official market on Tuesday. The local unit exchanged hands with the foreign currency at N415.07 […]
Foreign exchange
Naira crashes to record low at official market
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday. At the Investor & Exporter […]
Experts differ as Osinbajo says exchange rate artificially low
Vice-President Yemi Osinbajo on Monday called for an official rate that is reflective of market reality. He said the current dual exchange rates allowed for […]
We saved one million jobs, prevented shutdown of 150,000 SMEs -Osinbajo
Vice President Yemi Osinbajo says that through the Economic Sustainability Plan, the present regime has saved over one million jobs and forestalled the closure of […]
Naira will fall from N570/$1 to N400/$1 at black market if… – CBN ex-deputy gov, Moghalu
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, says the value of the naira will fall from N570/$1 to N400/$1 at […]
5 banks fined N1.4bn for forex infractions, others
Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange […]
Execution of Sugar Master Plan can earn Nigeria over $700m yearly – Dangote
LAGOS – Chairman of Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP) when executed as designed could fetch […]
Dollar hits N575 two days after Aboki FX update suspension
The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after online platform, Aboki FX, stopped […]
FG implements cooking gas imports tax, price jumps by 100%
The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the commodity […]
CBN’s clampdown on fintech firms may hinder investments
Finance and investment analysts at the weekend flayed the Central Bank of Nigeria (CBN)’s decision to freeze the bank accounts of some fintech companies as […]
Naira weakens further to 517 against dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell […]
Cornerstone posts N17.53b gross premium written
Cornerstone Insurance Plc and its subsidiaries posted a gross premium written of N17.53 billion in 2020, its Chairman, Segun Adebanji, has said. He made this […]
2022 budget: FG to borrow N4.89tn, says finance minister
The Federal Government plans to borrow about N4.89tn from internal and external sources to finance the deficit in its proposed 2022 budget of N13.98trn due […]
Forex supply: Banks’ documentation process cumbersome, says FDC
The Financial Derivatives Company Limited has described the documentation process required by banks for the sale of foreign exchange as cumbersome, saying this will pose […]
FG Hires JP Morgan, Others As It Prepares to Borrow Fresh $6.2bn
Ahead of its plan to borrow a staggering $6.2 billion, the Federal Government of Nigeria has hired JP Morgan and other firms as advisers to […]
Naira strengthens to 512/$1, banks sell dollar for N412
The naira appreciated against the dollar at the parallel market on Monday as deposit money banks set up foreign exchange teller points for customers in […]
Halt in forex sale to BDCs: Another courageous policy by CBN
By Emmanuel Onyebeke The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of FOREX to Bureau De Change (BDC) operators due to […]
Foreign investors’ interest in Nigeria declines by 27.5%
Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised […]
CBN authorises payment service banks to sell dollars
The Central of Nigeria (CBN) yesterday released supervisory framework for payment service banks (PSB). The framework among other things empowered the PSB operators to sale […]
Sylva: subsidy killed refineries
Sustenance of the petrol subsidy regime is one of the reason that killed the refineries, Minister of State Petroleum Timipre Sylva said on Sunday. He […]