New Bilateral Agreement Brings Respite for Nigeria’s Battered Economy
In a groundbreaking bilateral engagement between President Tinubu and Saudi Arabia's Crown Prince, HRH Mohammed Bin Salman, the Kingdom has ...
Tag: FX
Naira’s Fate: Will CBN’s Debt Repayment Boost Its Value? Insights & Predictions
The recent announcement by the Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, regarding the repayment of ...
Africa’s Top 10 Virtual Dollar Card Apps: Bridging the Gap in International Transactions
In a world that's rapidly embracing digital solutions, Nigeria has been no exception. However, this technological shift has come with ...
Naira’s Struggles Against USD Alligns with Global Trend, but it is the Worst-Performing African Currency
The Nigerian naira experienced a noticeable decline against the US dollar on the official market, signalling alignment with global market ...
NGX Aims to Boost Foreign Currency Access in Nigeria with Dollar-Denominated Listings
Lagos, August 20, 2023* - As Nigeria grapples with persistent foreign currency challenges, the Nigerian Exchange Ltd. (NGX) has unveiled ...
Nigeria’s Naira Struggles as JP Morgan Report Reveals FX Reserves Gap
Lagos, August 20, 2023 - Nigeria's economic landscape is facing fresh turbulence as the Naira plummeted to a concerning N905 ...
Naira Witnesses Impressive Rally following news of supply side intervention of $3 Billion. What happens next?
The Naira staged a remarkable rebound against the US Dollar yesterday, both in the parallel market and the official Investors ...
Nigerian Currency Unexpectedly Gains Strength, Rises at the Exchange Market on the strength of new developments
In a surprising twist of events, the Nigerian Naira exhibited a noteworthy surge within the Peer-to-Peer (P2P) market as it ...
Matters Arising from the Renaming of I&E FX Window to Nigerian FX Exchange Market
In a significant development that is poised to reshape Nigeria's foreign exchange landscape, the Central Bank of Nigeria (CBN) has ...
FX Scarcity: Emirates to suspend all flights to Nigeria from this autumn over $85m trapped funds
FX SCARCITY: The problem associated with the scarcity of foreign currency in Nigeria, especially with the availability of the United ...
