Naira

Operatives from the Economic and Financial Crimes Commission on Tuesday reportedly arrested some h Bureau De Change operators at the popular Wuse Zone 4 market on Tuesday. This came as traders also said some BDC…

The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. Punch reports. This came as Presidency warned currency speculators to desist from…

There are strong indications that the Federal Government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency, which earlier…

The naira has hit a record low at the parallel section of the foreign exchange market. The local currency closed at N1,415 on Thursday compared to N1,365 to the greenback exchanged on Wednesday, January 24, 2024. Currency traders,…

The naira has lost 26.36 per cent of its value against the dollar at the official Investor and Exporter window of the foreign exchange market since the Central Bank of Nigeria announced it has cleared $2bn as part of its backlog…

The amount of dollars traded on the Investor & Exporter forex window rose by 46.69 per cent to $123.25m on Monday. Punch reports. On Friday, the turnover of dollars in the official market was $84.02m. This increased to…