Naira Surges Against USD: Gains N110 in Forex Market
The Nigerian naira has been making significant gains against the US dollar, with the official exchange rate reaching N1,382.35 per […]
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African Business News
CBN Lowers Cargo Clearance Exchange Rate to N1593.41 Amid Naira Appreciation
The Central Bank of Nigeria has recently made a significant adjustment to its exchange rate for cargo clearance, lowering it
Naira Appreciates Against USD, Hits N1,602.75: Positive Week for Foreign Exchange Market
The Naira, Nigeria’s currency, closed out the week on a high note as it continued to strengthen against the US
Naira Appreciates as US Dollar Supply Surges by 50% to $248.75 Million
The Nigerian Naira continued its upward trend against the US dollar, with a 50% surge in USD supply reaching $248.75
Naira Appreciates as USD Turnover Surges to $122.18 Million, Foreign Reserves at $34.33 Billion
The foreign exchange market in Nigeria saw a significant uptick in US dollar turnover transactions, with a 21% increase to
Binance Naira Suspension Sparks Fear Among Nigerian Crypto Investors
The recent suspension of naira to dollar exchange services by Binance has sent shockwaves through the Nigerian cryptocurrency community, leaving
Naira Struggles: CBN’s Liquidity Woes and Foreign Borrowing Challenges
The Central Bank of Nigeria is facing a liquidity crisis, according to a recent report by the Economist Intelligence Unit.
Goldman Sachs Analysts Predict Naira to Appreciate to N1200 per USD in 12 Months
Goldman Sachs Analysts Predict Naira to Appreciate to N1200 per US Dollar in Twelve Months In a recent analysis of
Binance Ban in Nigeria Sparks Concerns Over Youth Unemployment
Experts and crypto enthusiasts are expressing concern over the recent ban on Binance naira operations in Nigeria, warning of potential
Naira Depreciates Against USD After Binance Halts Naira Transactions
The Naira’s value against the US dollar continued to decline in the official foreign exchange market, following the discontinuation of