Naira crosses 1,000/$ on official market for first time
The Nigerian currency weakened to as low as N1,097.50 per dollar on Wednesday on the official foreign exchange market, data
Read more
Money
Naira plunges as FX market liquidity drops
The naira weakened at a faster pace against the dollar this week on the official market as liquidity declined. The
Read more
Access Holdings Posts Higher Profit as Interest Income Doubles
Access Holdings Plc, the parent company of Access Bank Plc, reported a profit before tax of N126.82 billion for the
Read more
Drop in FX Market Liquidity Worsens Naira’s Weakening
The liquidity in Nigeria’s official foreign exchange market dropped by more than a third last week, exacerbating the depreciation of
Read more
Dollar Now Costlier Than Euro as Naira’s Street Value Sinks
The United States dollar is now stronger than the euro on the Nigerian parallel market as the naira extended its
Read more
Twofold Rise in FX Market Turnover Fails to Lift Naira
The turnover in the official foreign exchange market more than doubled this week, reflecting increased dollar supply, but the naira
Read more
Cryptos Worth $1.89bn Stolen in Nine Months – Report
Cryptocurrencies worth $1.89 billion were stolen in the first nine months of this year in 297 hack attacks, according to
Read more
CBN’s Lifting of Forex Ban on 43 Items: Answers to 5 Questions
The Central Bank of Nigeria (CBN), on Thursday, announced, among other policy issues, the lifting of foreign exchange restrictions hitherto
Read more
Naira vs. Dollar: What To Do When Your Currency Is Losing Value
The Nigerian currency has lost more than 40 percent of its value so far this year against the United States
Read more
Ex-CBN chief sees pressure in FX market after ‘difficult’ decision
A former deputy governor of the Central Bank of Nigeria, Mr Kingsley Moghalu, has said the apex bank’s decision to
Read more