Dollar

Babajide Sanwo-Olu, Governor of Lagos State has said that due to the State’s rising population and limited geography, the infrastructure needs of Nigeria's commercial capital exceed $15…

Nigeria’s naira rebounded in the illegal market as the central bank boosted sales of dollars through commercial banks, according to traders. This has helped to close the gap with the…

The automaker’s market capitalization hit the trillion-dollar market cap for the first time on Monday, following the news that Hertz would buy several billion dollars worth of Tesla cars.…

As foreign exchange pressure persists, some Nigerian banks have increased dollar charges by 45.15 percent per dollar, an affected customer told BusinessDay. "I performed a dollar…

Nigerian commercial banks are exploring debt opportunities from the foreign capital market amid regulatory-driven capital increase to be enforced by the Central bank of Nigeria (CBN) in…

When the Central Bank of Nigeria (CBN) took a decision on Bureau De Changes (BDCs) and their operations, Godwin Emefiele, the CBN Governor, made a statement that reads in part: “It is…

Deepening foreign exchange scarcity has led some Nigerian banks to increase dollar charges by 45.15 percent per dollar, a customer who has been affected told BusinessDay. "I performed a…

Naira, Nigeria's legally approved means of exchange on Wednesday recorded marginal appreciation at the official window, a day after the country issued $4 billion Eurobond. Liquidity in…

The most important determinant of the value of the Naira is whether or not the Nigerian economy is productive and competitive in international trade. That is to say, whether it has a…

Naira, Nigeria’s legal tender on Wednesday fell to N535 per dollar at the unofficial market and 0.20 percent at the official market despite the recent accretion in external reserves.…