The naira weakened further on Wednesday, closing at ₦1,608.60 per dollar at the official market, down from ₦1,606.64 on Tuesday.
According to CBN data, the exchange rate peaked at ₦1,615 during the day as rising demand met limited forex supply.
At...
Popular businessman Emeka Okonkwo, known as E-Money, has been arrested by the EFCC for allegedly abusing the naira and defacing foreign currency.
He was reportedly picked up Monday night at his Omole residence in Lagos after a video surfaced showing...
The naira continued its decline against the dollar on Monday, trading at ₦1,540.57 in the official market as demand for foreign exchange outstripped supply.
Despite the Central Bank of Nigeria (CBN) sustaining its interventions to stabilize the currency, the naira depreciated by ₦18.95 last week, closing...
The Federal Government has rejected claims by economist Bismarck Rewane that it spent nearly $8 billion to stabilise the naira.
Rewane, CEO of Financial Derivatives Company, said in an interview that government intervention, including bond sales, played a key role...
The naira weakened against the dollar on Monday, closing at N1,495.60 per dollar at the official foreign exchange market, reversing its recent gains.
Data from FMDQ Securities Exchange Limited showed a significant drop from N1,474.78 recorded on January 31, marking a decline of over N20 in a single...
The Naira strengthened on Tuesday at the official exchange market, appreciating to N1,630.45 per dollar.
According to data from the FMDQ trading platform, this marks a 2.40% rise compared to Monday’s exchange rate of N1,670.65 per dollar.
In addition, daily trading...
The central bank of Nigeria (CBN) has communicated in another circular to bureau de change (BDC) operators in the country, notifying them of direct sales of US dollars at a discounted rate of ₦1,021 per dollar.
The decision by the...
The Naira, on Friday, experienced a huge appreciation at the official market, trading at ₦1,142.38 to the dollar.
Data from the official trading platform of the FMDQ exchange, a platform that oversees the Nigerian autonomous foreign exchange market (NAFEM), revealed...
https://youtu.be/6Virtc72mAY
Artist and curator Jemima Kakizi is bringing renewed energy and international connections to Rwanda’s growing contemporary art scene.
Her...
