Forex Review
CBN limits BDCs to one dealer bank Weekly for $25,000 FX
Central Bank of Nigeria (CBN) Implements New Guidelines for Bureau de Change Operators
In a recent update, the Central Bank of Nigeria (CBN) has released new rules allowing Bureau de Change (BDC) operators to acquire up to $25,000 weekly from … Continue Reading
Crypto Market Faces $920 Billion Liquidation Amid Tech Sell-Off
While short-term recovery may face challenges, the long-term trajectory of the crypto market remains optimistic. Experts point to innovation, increased adoption, and deeper financial integration as key drivers of future growth.
The cryptocurrency market has experienced a dramatic sell-off in … Continue Reading
JUST IN: Oando Shares Surge Over 14% Following Strong Earnings Report
LAGOS, NIGERIA – Oando shares has experienced a significant boost in … Continue Reading
Naira Falls to N1,650/$ in parallel market
Yesterday, the exchange rate of the Naira experienced a decline in the parallel market, dropping to N1,650 per dollar, a slight decrease from N1,648 per dollar recorded on Monday.
In contrast, the Naira showed signs of appreciation in the official … Continue Reading
Naira Falls to N1,600/$ in The parallel market
Naira Value Plummets: Parallel Market Rate Hits N1,600 per Dollar, Official Rate at N1,545
The value of the Nigerian Naira has taken a hit, with the parallel market rate experiencing a significant depreciation to N1,600 per dollar yesterday. This represents … Continue Reading
Naira Rises to N1,550/$ in parallel market
Naira Sees Mixed Performance in Parallel and Official Foreign Exchange Markets
In a notable shift, the Naira has appreciated to N1,550 per dollar in the parallel market, an improvement from N1,555 per dollar recorded over the past weekend. This change … Continue Reading
Naira Rises to N1,685/$ in parallel market
Naira Gains Momentum Against Dollar in Both Parallel and Official Markets
The Naira demonstrated notable improvement yesterday, rising to N1,685 per dollar in the parallel market, up from N1,695 per dollar on Wednesday. In the official foreign exchange market, … Continue Reading
Naira Rises To N1,695 per dollar in The Parallel Market
Naira Strengthens Against the Dollar in Parallel Market
The Naira recorded gains in the parallel market yesterday, appreciating to N1,695 per dollar, up from N1,725 per dollar on Tuesday. This positive movement reflects a broader trend, with the Naira remaining … Continue Reading
Naira Rises to N1,725/$ in parallel market
Naira Sees Mild Appreciation in Parallel Market; Stability in NAFEM Rates
In a recent shift, the Nigerian Naira appreciated slightly in the parallel market, rising to N1,725 per dollar on Tuesday, up from N1,730 per dollar observed on Monday.
Conversely, … Continue Reading
Naira Rises to N1,740/$ in parallel market
Naira Sees Positive Movement Against the Dollar in Parallel and NAFEM Markets
In an encouraging development for the Nigerian economy, the Naira strengthened against the US dollar in the parallel market, climbing to N1,740 per dollar from N1,745 per dollar … Continue Reading