DOLLAR

The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar. The increase represents a 4.94 percent as against the N1,373.64/$ adopted on May 1. The rate adopted by customs…

At the official market, the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, the Naira on Thursday weakened further by 0.10 per cent to close at N1,309.88 against the dollar. The local currency opened trading at N1308.52…

The Naira on Thursday appreciated by 0.62 percent in the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at a rate of N1,255.07 against the dollar. The local currency at the FMDQ Exchange recorded a high and low,…

The Naira on Monday appreciated by 3.11 percent against the Dollar at Nigerian Autonomous Foreign Exchange Market (NAFEM) Window, closing at a rate of N1,408.04. The local currency has been on positive trajectory lately amid Central Bank…

Revelations from the recent Monetary Policy Committee meeting of the Central Bank of Nigeria (CBN) were alarming. CBN Governor, Olayemi Cardoso, announced that $26 billion in untraceable funds had flowed through Binance Nigeria Ltd in the…

Naira at the official rate on Monday depreciated by 3.94 percent to N1,598.54 against the dollar, hitting an all-time low amid the numerous policies of the Central Bank of Nigeria's (CBN)  to enhance liquidity and stabilise the foreign…

The Naira at the Nigerian Autonomous Foreign Exchange Market (NAFEM) closed on Friday at N1537.96 against the dollar as pressure mounted on the local currency. The local currency depreciated by 4.6 percent Week-on-Week (WoW) from N1,469.97…

The Naira appreciated by 0.34 per cent on Thursday to close at N1,498.25 from N1,503.38, firming up against the dollar. At the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, the Naira this week has depreciated 1.92 per cent…

The Central Bank of Nigeria (CBN) has banned banks from cash payment of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA), a move the apex bank believes will help it track transactions. The apex bank stated…

Despite the Central Bank of Nigeria's (CBN) numerous foreign exchange policies, the Naira at the official market crashed further by 4.38 percent to close at N1,534.39 against the dollar on Monday. It opened against the dollar at…