The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is regaining strength against the dollar. “The development stems from the ‘double-edged sword dol…
The Federal Government is ready to support Adire, a locally-produced fabric, with some form of subsidy to enhance its production. The Minister of Humanitarian Affairs and Poverty Alleviation…
Grammy-award-winning artiste, Damini Ogulu, popularly known as Burna Boy, has offered financial incentives to Nigerian bloggers in exchange for them to stop reporting about him. Taking to hi…
The Central Bank of Nigeria (CBN) has commenced the clearing of estimated $7 billion outstanding foreign exchange obligations of the Federal Government, on foreign currency forwards contracts owed …
The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 1 pips to 7.1796 against the U.S. dollar Friday. This is according to the China Foreign Exchange Trade Sys…
The value of the dollar to the naira on Friday, declined in the parallel market, marking the first time in over a month that the local currency has exhibited strength by trading below N1000. …
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in connection with alleged mismanagement of …
The Nigerian Naira on Monday 30th Oct, displayed further resilience, gaining 2.5% against the US Dollar, with the exchange rate falling to N1,170 on the parallel market also known as black market.…
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has given his assurances to the Nigerian public concerning that the Federal Government’s upcoming impleme…
The Nigerian Naira has kicked back against the dollar as the value of dollar depreciated by 8.39 percent on the parallel market on Friday, a drop attributed to government policy changes. The…
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened one pips to 7.1784 against the dollar on Thursday, according to the China Foreign Exchange Trade System. I…
The Naira demonstrated an appreciation against the US Dollar on the unofficial parallel market, commonly referred to as the black market, on Wednesday. During afternoon trading, the exchange…
