Nigeria’s foreign exchange

Nigeria’s foreign exchange

Speculators lose as dollar falls by 8.39% on parallel market

Hope Moses-Ashike Oct 27, 2023

Foreign exchange (FX) speculators are now counting losses as the dollar has fallen by 8.39 percent on the parallel market,...

Nigeria’s foreign exchange

Naira hits new low of 910/$

Iheanyi Nwachukwu Aug 25, 2023

The Naira furthered its fall on Friday, August 25, exchanging at N910 to a dollar at the parallel segment of...

Nigeria’s foreign exchange

Naira gains marginally as FX market resumes trading

Hope Moses-Ashike Apr 26, 2023

Nigeria’s foreign exchange (FX) market resumed trading on Tuesday after the holiday, with naira gaining marginally (0.05) against the dollar...

Nigeria’s foreign exchange

Global lending body criticises Nigeria’s foreign exchange strategy

opinion Dec 06, 2021

The World Bank has criticised Nigeria’s current foreign exchange strategy as a restrictive and non-investment-friendly choice which may have cost...

Nigeria’s foreign exchange

Nigeria’s gathering FX storm and why it could be end game for businesses

Anthony Nlebem Aug 19, 2020

A picture is emerging of the roots of the foreign exchange struggle faced by Nigeria’s businesses and how it could...

Nigeria’s foreign exchange

Bloomberg User’s Guide to Navigating Nigeria’s Foreign-Exchange Maze

Anthony Nlebem Jul 12, 2020

Nigeria, under pressure from multilateral lenders, has vowed to untangle its Byzantine foreign-exchange regime that deters investment in Africa’s biggest...