Dollars

Nigerian banks have asked customers to return unutilised dollars within two weeks from the day of purchase, in response to the Central Bank of Nigeria (CBN)'s directive. The CBN on Monday…

The foreign exchange market ended the five trading days with the naira closing strong against the dollar, in spite of a 34.30 percent drop in liquidity at the official market. Naira…

An Expert from CircleHills, a financial company, that provides foreign exchange services and is licensed to operate in Nigeria as a Bureau De Change, has spoken on the recent decision of the…

Nigeria’s deposit money banks (DMBs) on Thursday assured the public of their readiness to carry out the function of providing foreign exchange (FX) services to customers as directed by the…

Foreign exchange charges by Nigeria’s Deposit Money Banks (DMBs) hit a year high of $37.76 million in December 2020 compared with $1.65 million in December 2019, latest data from the Central…

The Central Bank of Nigeria (CBN) on Tuesday threatened to sanction banks and other foreign exchange dealers that refuse to accept old series/lower denomination of U.S dollar bills from…

Adjusting the conversion of dollar rate for oil proceeds to the naira and putting an end to fuel subsidies could add about N200 billion to monthly funds shared by the various tiers of…

The foreign exchange market closed the week with Naira weakening by 0.26 percent amid low dollar liquidity, which declined by 8.36 percent at the Investors and Exporters (I&E) forex…

The coming of FBS Reinsurance Limited into Nigeria’s insurance industry is expected to boost local capacity, increase retention and help underwriting companies save dollars that were…

London, 10 December 2020 – Leading international money transfer provider Small World Financial Services (“Small World”) has announced that, with immediate effect, customers in Nigeria can…