Naira Reclaim 21% amidst Worrisome FX Market Volatility
Naira Reclaim 21% amidst Worrisome FX Market Volatility The Naira appreciated by 21.36% at the official currency market where the exchange rate closed at N864.29 …
Naira Registers Largest Unofficial Depreciation in FX Market
Naira Registers Largest Unofficial Depreciation in FX Market There is a bleak future for the naira as the exchange rate registered the largest unofficial daily …
CBN Withdraws FX Market Intervention for 6-Week
CBN Withdraws FX Market Intervention for 6-Week Exchange rates across FX markets have been left to forces of demand and supply for six weeks since …
FX Rates Worsen as Naira Struggles to Find Balance
FX Rates Worsen as Naira Struggles to Find Balance In the foreign exchange market, the Naira showed a lacklustre performance against the US dollar, depreciating …
Rising FX Demand Keeps Lid on Naira Upside
Rising FX Demand Keeps Lid on Naira Upside The Nigeria naira gained weight across foreign exchange markets as an invisible hand balanced demand and supply …
Paystack Sacks 33 Employees Amidst FX Pressure
Paystack Sacks 33 Employees Amidst FX Pressure Nigerian fintech start-up, Paystack is downsizing its team outside Africa, starting with the layoff of 33 employees in …
Naira Skids at Official Market, Nigeria Sees Fresh FX Inflow
Naira Skids at Official Market, Nigeria Sees Fresh FX Inflow The naira has lost weight twice this week as foreign currency demands continue to surpass …
Why Naira Regained Strength at FX Market – ABCON
Why Naira Regained Strength at FX Market – ABCON The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is …
FG Plans New FX Rules By End Of 2023, Says Presidential Tax Committee
The Chair of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the Federal Government is planning to introduce new foreign exchange rules — including a crackdown…
Nigeria Is Expecting $10bn FX Inflows In Coming Weeks, Says Finance Minister
Nigeria is expecting a foreign exchange inflow of $10bn in the coming weeks, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. He made the…