Dollars

The British pound plunged by the most since March 2020, reaching the lowest in 37 years against the dollar, as the UK’s expensive fiscal stimulus plan fueled a wave of bearish bets on the…

The Nigerian Ports Authority (NPA) has dismissed reports that it operates two secret foreign accounts, saying it only operates two USD-denominated domiciliary accounts that were approved by…

As the lingering scarcity of foreign exchange (FX) is hampering their ability to import raw materials, manufacturers in Nigeria are increasingly shifting towards local substitutes. The FX…

Politicians in Nigeria are buying dollars to fund vote hunting in primary elections that start over the weekend, driving the local currency to new lows in the unauthorized parallel market,…

Travel agents under the auspices of National Association of Nigeria Travel Agencies, (NANTA) have denied plans to sell air tickets in dollars following the FX scarcity and inability of…