The Central Bank of Nigeria (CBN) has uploaded NAFEX rate of N410/$ as official exchange rate on its website confirming speculations that it has unifi
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Nigeria’s external reserve gained $39.58 million on Friday March 19, 2021 recording the first increase since January 2021. In just one day, the countr
Read MoreNigeria’s naira to dollar exchange rate weakened for the second day at the parallel or black market on Tuesday, March 9, 2021. At the parallel market/
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Nigeria’s proceeds from the export of crude oil in 2020 crashed by 35.7 per cent amid low demand for the commodity and OPEC production cuts last year.
Read MoreBizWatch Nigeria reported that the Central Bank of Nigeria (CBN) introduced a ‘Naira 4 Dollar Scheme’ to encourage Diaspora remittances. The scheme al
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The Central Bank of Nigeria, CBN, injected $10.308 billion into the foreign exchange market between January and June 2020 in order to ensure forex sta
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The Technical Committee on Premium Motor Spirit (PMS) Pricing Framework, has issued new regulations on the pricing, importation, and distribution of p
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The Manufacturers Association of Nigeria (MAN) has decried the depreciation of the naira and the shortage of forex in the country. In the association&
Read MoreThe Central Bank of Nigeria (CBN) has disclosed that the net foreign exchange (forex) inflow into the Nigerian economy saw a disappointing fall from $
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Bitcoin, the leading cryptocurrency has crossed the $40,000 threshold hours after it went for $38,000. In December 2020, the cryptocurrency sold for m
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The Port Harcourt branch of MBA Trading and Capital Investment Limited left its investors disappointed after its gates were met shut on Tuesday by its
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The Chief Executive Officer of Luno, Marcus Swanepoel, has predicted that the price of bitcoin may rise to $100,000 before the end of 2021 amid the re
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The Naira added 2.11% to exchange at N465 against the Dollar at the parallel forex market on Christmas eve, compared with N475/$ it traded the previou
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There is renewed pressure on the Naira at the parallel market as it shed N2 again the Dollar to exchange at N478/$ on Thursday instead of 476/$ it tra
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Blockchain technology has a prominent place in the modern digital world but a lot of people still can’t operate it. If you are new in the cryptocurren
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After it appreciated for three days, the Naira depreciated marginally at the unofficial foreign exchange, FOREX, market on Monday. A Dollar was sold f
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The Naira appreciated as it exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on Monday. The Bureau De
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The Central Bank of Nigeria (CBN) has directed Bureau De Change (BDC) operators in the country not to sell dollars higher than N392 to end users. In a
Read MoreThe naira exchanged to the dollar for 483 in the parallel market on Monday despite the regular interventions in terms of forex injections by the Centr
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The naira extended its decline on Wednesday as the United States dollar was sold for N478 at the parallel market. The local currency, which traded at
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