The naira closed the trading week on Friday at N1,531 per dollar in the official foreign exchange (FX) market, showing ...

According to a PwC and BusinessDay CEO roundtable, banks are beginning to reduce their interest rates on foreign currency ...

Banks are beginning to reduce their interest rates on foreign exchange (FX) deposits as dollar supply improves.

Nigerian banks have re-kickstarted the sale of foreign exchange for Personal Travel Allowance and Business Travel (BTA) to ...

Finance Minister Edun has ruled out IMF loans, citing Nigeria's positive trade balance, growing reserves, and cheaper ...

The naira posted mild gains in Nigeria's foreign exchange market while the U.S. dollar index dipped to its monthly lows.

An expert in the Nigerian financial service sector, Mr. Ugodre Obi-Chukwu has projected that the Nigerian economy is poised for growth in 2025 with inflation expected to drop below 30 per cent, paving ...

The CBN launches the Nigerian FX Code promoting ethical conduct among authorized dealers to enhance market integrity and ...

Following the naira relative stability at the for­eign exchange market in the last two months, experts have projected that it will soon gain trac­tion and that there will be improved diaspora ...

The Central Bank of Nigeria (CBN) has launched a revised foreign Exchange FX code for authorised forex transactions to boost ...

As part of the applicable free market economic principles, the CBN issued a circular in January 2024 that removed the previous cap on exchange rates quoted by IMTOs. Before the circular ...

Banks lower their interest rates on foreign currency (FX) deposits as the dollar supply improves. During an executive roundtable organized by PwC and BusinessDay on Thursday, Olusegun Alebiosu, the ...