The naira on Monday appreciated in the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) accounted for the highest dollar inflows of 39.85 percent in the Nigerian Foreign Exchange Market (NFEM).

FX Market: Senate Rejects Bill Seeking Review of Regulations The Senate has on Thursday rejected a bill seeking to review foreign exchange market regulations in Nigeria. The piece of legislation sponsored by the Chairman, Senate Committee on Finance, Senator Sani Musa, (APC Niger East), also seeks...

ABCON Reveals Why Naira Regained Strength at FX Market   The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is regaining strength against the dollar. “The development stems from the ‘double-edged sword dollar liquidity injection and the mopping up of the...

The naira continued to crash on the parallel FX market on Tuesday as it fell to N452 to the dollar, lower than the N445 to the dollar from the previous day as demand for the greenback continued to outweigh supply. The spot rate of the...

The naira sustained its decline on the parallel market as it slipped to N445 to the dollar yesterday, lower than the N440 to the dollar it closed on Friday as pressure and activities of speculators continued to hurt the nation’s currency. But on the interbank...