Foreign exchange (FX)

The persistent Foreign Exchange (FX) pressure occasioned by dollar supply shortage has resulted in many Nigerian banks suspending or reviewing down their international transactions on Naira…

As ease of doing business in Nigeria continues to diminish and manufacturers groan under the burden of rising costs, Vava Furniture says it wants the federal government’s intervention to…

Nigeria’s economy grew at its slowest pace in 15 months in the third quarter as the oil and manufacturing sectors shrank amid mounting woes. The country’s Gross Domestic Product (GDP)…

With the official market rate now at and parallel market rate now at N730/$, a huge rate gap of N300/$ now exists in the foreign exchange markets, according to Aminu Gwadabe, president of…

Naira, Nigeria’s currency, which continued its depreciation on Monday, is said to have lost 94.87 in five years according to Bismarck Rewane, managing director/chief executive officer of…