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Naira strengthens, exchanges for 420/$

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Following interventions made by the Central Bank of Nigeria (CBN) in the investors and exporters (I&E) window, the naira surged against the dollar on...

Obaseki fires back at Ganduje, says we don’t stuff dollars in...

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Edo State Governor Godwin Obaseki has thrown a jibe at his Kano State counterpart Abdullahi Ganduje who accused him of failing woefully. Ganduje who is...

Apostle Suleman fires back at critics of dollar splash on Twitter

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Senior Pastor of Omega Fire Ministries, Apostle Johnson Suleman, has attacked the critics of his dollar splash on Twitter. Suleman had on July 25 announced his...

Naira exchanges for 361 to a dollar as CBN intervenes with...

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The Naira on Tuesday exchanged at an average of N361/$1 in the BDC segment of the market as the Central Bank of Nigeria (CBN)...

Naira depreciates against dollar at parallel market

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The Naira on Monday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost...

FirstBank offers summer treat with dollar denominated cards

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This summer promises to be an exciting one for holiday makers with FirstBank’s bouquet of dollar denominated cards. Convenience, security, flexibility and improved spend are...

Forex dealers pick $85.69m out of $100m offered by CBN

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The Central Bank of Nigeria (CBN) disclosed on Friday that authorised dealers were only able to pick $85.69 million out of the $100 million...

CBN slashes bureau de change dollar rate to N360

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Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users...

Again, CBN boosts forex supply with $195m

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The Central Bank of Nigeria (CBN) on Tuesday sustained the supply of foreign exchange to the market by concluding arrangement to release the sum...

CBN pumps additional $100m into the market

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The Central Bank of Nigeria (CBN) on Tuesday further injected another sum of $100m into the interbank foreign exchange market in continuation of its...