Naira Maintains Stability, Exchanges for N1,572.86 per Dollar The foreign exchange market began on a positive note on Monday as the naira appreciated to N1,572.86 per dollar from N1,602.75/$1 on Friday on the official market. At the parallel market, the nation’s currency closed at N1,590 per...

Naira Maintains Stability, Exchanges for N1,572.86 per Dollar The foreign exchange market began on a positive note on Monday as the naira appreciated to N1,572.86 per dollar from N1,602.75/$1 on Friday on the official market. At the parallel market, the nation’s currency closed at N1,590 per...

Naira Appreciates, Sells for N1,600/$ at Parallel Market The naira, on Monday, appreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market. It gained 1.23 percent from the N1,620/$ traded reported on March 8. Currency traders in Lagos, also known as Bureau...

Naira Appreciates, Sells for N1,600/$ at Parallel Market The naira, on Monday, appreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market. It gained 1.23 percent from the N1,620/$ traded reported on March 8. Currency traders in Lagos, also known as Bureau...

FG Seeks $10bn to Improve Liquidity in FX Market The Federal Government is planning to raise $10bn to improve liquidity in the foreign exchange market. On Tuesday, the naira fell to an all-time low of 1,850 per dollar at the parallel market. President Bola Tinubu, who...

CBN, ONSA Partner to Combat Illicit Activities in FX Market The Central Bank of Nigeria (CBN) and the Office of the National Security Adviser (ONSA) have entered a partnership to investigate and penalise those involved in illicit activities within the foreign exchange market. This was made...