At the last meeting in September, the monetary authorities extended the bench- mark rate to 27.25%, a new record ...

The value of the dollar has depreciated significantly in the official and unofficial foreign exchange marketsNew data showed ...

MPC members express deep concern over excessive government spending, warning it undermines monetary policy efforts ...

The FX Code, therefore, serves as an official directive that all market participants are expected to observe in their operations. As part of compliance requirements, market participants must conduct a ...

Nigeria’s foreign exchange (FX) reserves declined significantly by $1.16 billion in January 2025, wiping out the $592.58 million gain recorded ...

The witness' testimony was anticipated to strengthen the charges against Mr Emefiele but appeared to contradict the core of the allegations and the plank of evidence of irregularities EFCC had built ...

The Central Bank of Nigeria has extended the temporary access granted to Bureau de Change operators for purchasing foreign ...

Naira closed January 2025 at its strongest level since June 2024, appreciating to N1,475/$1. But analysts caution against ...

Commercial and merchant banks increased their deposits to CBN by 627.17%, amounting to N9.39 trillion in January 2025, ...

Exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar ...

President of the Association of Bureaux de Change Operators of Nigeria (ABCON), Dr Aminu Gwadabe, has attributed the currency rally of naira to market reforms embarked on by the Central Bank of ...