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…
Christmas shopping in Dubai occasioned by Emirates Airline resumption of flight between Dubai and Nigeria is now driving demand for the dollar despite selling off of hoarded foreign exchange…
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…