President Bola Tinubu has set an ambitious target of stabilizing Nigeria’s exchange rate at N1,500 to the dollar as part of his administration’s economic objectives for...
The naira began the week with a slump against the dollar at the official foreign exchange window on Monday, November 18, 2024. According to data from...
The Naira appreciated massively against the Dollar at the official foreign exchange market on Monday, October 14, 2024 to begin the week on a positive note....
The co-chair of the Bill and Melinda Gates Foundation, Bill Gates, stated yesterday that Nigeria’s tax collection rates are low, pointing out that this poses a...
Former President Olusegun Obasanjo has blasted President Bola Tinubu’s over the removal of fuel subsidy and the unification of the exchange rate. Although the former president...
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has disclosed that members of the Monetary Policy Committee (MPC) will do whatever is necessary” to...
The Center for Promotion of Private Enterprises (CPPE) has decried the volatility and frequent movement of the Nigeria Customs Service (NCS) duty exchange rates. The Service...
As the Nigerian official currency, the naira continues to fluctuate in va the Central Bank of Nigeria (CBN), has again raised the exchange rate for paying...
In continuation of its defence of the naira against the dollar, the Central Bank of Nigeria (CBN) Monday announced the sales of foreign exchange (FX) to...
The Central Bank of Nigeria (CBN) has increased the exchange rate for Nigeria Customs Service (NCS) import duty rate at the nation’s seaports. The rate was...
Nigerians may be forced to pay more for goods as the Nigerian Customs Service (NCS) has increased the exchange rate for the clearance of goods from...
The Centre for the Promotion of Private Enterprise (CPPE) has bemoaned the recent decision by the Central Bank to increase the customs exchange rate from N783...
The price of the United States Dollar (USD) fell to as low as N588/$1 in the official market on Tuesday before trading closed in the market...
The exchange rate between the naira and the United States Dollar (USD) closed at N738.18/$1 in the Investors’ and Exporters’ window on Wednesday, Ripples Nigeria learnt....
Nigerians may have more economic hardship to contend with as they have been asked to brace up for an imminent upward review of the pump price...
President Bola Tinubu’s adviser on monetary policies, Wale Edun, said the N860/$1 exchange rate between the naira and the dollar is not backed by the fundamentals...
On Tuesday, the naira to dollar exchange rate closed at N789.08/$1 in the investors’ and exporters’ window of the official market. Ripples Nigeria learnt that the...
The value of the naira decreased by 3.85 per cent in the Investors’ and Exporters’ window on Thursday, as the dollar gained against the Nigerian currency....
On Wednesday, the authorised dealers reduced the exchange rate between the naira and the United States Dollar (USD) by N51.42 kobo. The reduction shows the value...
The naira devalued by 6.83 per cent in the Investors’ and Exporters’ window on Wednesday, as the price of the United States Dollar (USD) was increased...
The Tertiary Education Trust Fund (TETFund), on Tuesday, said it plans to suspend foreign scholarship for Nigerian students because of the current exchange rate crisis. The...
Investors and exporters in the official market saw the cost of the Dollar close at N462.33/$1 on Friday, against the N462.73/$1 they exchanged for the Naira...
Airlines’ exchange rate has surged from N582 per dollar to N610 per dollar, signaling an imminent increase in international airfares ticket. The surge in rate is...
CLAIM: The presidential candidate of the All Progressive Congress (APC) Bola Tinubu, on Tuesday, blamed the opposition party, the People’s Democratic Party (PDP) for watching the...
For the second day running, the value of Nigerian currency, the naira remains unchanged against the US dollar at the official exchange rate market. FMDQ securities...
The Value of Nigerian currency, the Naira ended trading against the dollar on Monday on a positive note at the official market. According to data from...
The exchange rates of the Naira to other trading currencies are important factors that shape the volume and value of items imported into Nigeria. As a...
The Naira not only extended its loss against the US dollar again on Thursday, this time it was at a new low at the official Market....
The Nigerian Naira weakened further against the US Dollar across the forex markets on Wednesday. FMDQ reports that the Naira depreciated against the US currency by...
The Chief Executive Officer of Lafarge Africa, Khaled El Dokani, on Friday decried the exchange rate situation in Nigeria. in a corporate document sent to shareholders...
The Naira closed unchanged on Wednesday at the official market at N441.67 to the dollar. FMDQ securities reports that the local currency did not change from...
Naira clinched a meager gain against the U.S dollar at the official market on Tuesday but remains above N440. Data published on FMDQ website, where forex...
Nigerian currency, Naira exchange rate to the dollar closed at N421.33/$1 at the official Investors and Exporters window on Monday, the same rate as it did...
Following the call by the International Monetary Fund (IMF) for Nigeria to remove official exchange rates, the value of Naira depreciated at the official and black...
New year, new plan, huge optimism but little to cheer for Nigerians. On December 31, President Muhammadu Buhari signed the 2022 Appropriation Bill into law, promising...
At the Investors and Exporters (I&E) window of the foreign exchange market, the Nigerian Naira ended Monday trading at the same rate as last week. According...
On Friday, October 1, Nigeria marked its 61st Independence Day anniversary. It is worth looking back at how far the nation has come and the different...
As Nigeria grapples with rising food prices, Aminu Goronyo the president of Nigerian Rice Farmers Association has explained why the cost of rice is skyrocketing in...
The Central Bank of Nigeria (CBN) has officially added the NAFEX exchange rate on its website. The update made on Tuesday morning shows Naira is currently...
The Central Bank of Nigeria (CBN) has removed the official exchange rate of N379 per dollar from its website. Also, The last time the exchange rate...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The Presidential Economic Advisory Council (PEAC) has urged the Nigerian government against the continued implementation of multiple exchange rates by adopting a unified currency rate regime...
Pressures from poor availability of the American dollar in the currency market crashed the value of the Naira to N402 against the currency on Friday, the...
The International Monetary Fund (IMF) has expressed concerns that Nigeria’s per capita growth is weak, adding that strong measures were needed to move the growth into...
The Lagos Chamber of Commerce and Industry (LCCI) on Wednesday commended the return to the January -December budget circle but described as unrealistic the exchange rate...
Nigeria might be facing another financial crisis as a result of government failing revenues, BudgIT, has warned. In an analysis of the federal government 2018 budget...
The naira on Monday closed trading at N362.57 to the dollar at the parallel market in Lagos. Turnover at the window stood at 293.60 million dollars....
The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said it is better to maintain stable exchange rate to avoid Naira depreciation than to...
Managing director of Elephant Group, Mr. Tunji Oweye said Nigeria’s large poultry market of 17.5 million people is facing some challenges due to dwindling naira value....
After an improved earning from the Federation Account in June, the July allocation to the three tiers of government for July dropped from N559.032 to N443.663....
