Forex
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Business
Naira hits new low at N820/$, as forex supply gap persists
At the backdrop of sustained supply gap in Nigeria’s foreign exchange (forex) market, the local currency, Naira, has hit a…
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News
Forex: Why I refused to partake in arbitrage – Tinubu
President Bola Ahmed Tinubu Thursday in Lagos said he could have chosen to maintain the hitherto multiple foreign exchange systems…
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Business
Naira weakens to 770.38/$ at official market
The naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the investor &…
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Business
CBN floats naira at investors’ forex window
The Central Bank of Nigeria has reportedly directed Deposit Money Banks to remove the rate cap on the naira at…
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Business
Naira appreciates as redesigned currency notes introduction draws closer
The Association of Bureaux Des Change Operators of Nigeria (ABCON) says Naira has continued to firm against the Dollar at…
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Business
Cooking Gas: Forex scarcity hit suppliers, price hike imminent
There are indications that gas prices will further rise and Nigerians may pay more as marketers have hinted that the…
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News
EFCC meets BDC operators, to clamp down on forex hoarders
As part of its ongoing efforts to check the rising incidence of foreign exchange speculation which has brought pressure on…
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Business
Buhari promises to address forex supply to manufacturers for imports
The Federal Government will take appropriate measures to improve access to foreign exchange for importation of raw materials and machines…
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Business
CBN to clamp down on ‘Aboki FX’ website over exchange rate
The Central Bank of Nigeria (CBN) on Friday said it will shut down the operations of ‘Aboki FX’ over its…
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Business
Forex: ABCON bans street hawking, moves to cut rate
The Association of Bureau De Change Operators has said it will commence what it called ‘Operation No Street Trading’ to…