Market Watch
The Central Bank of Nigeria (CBN) wants everyone to understand the rules for taking out and bringing back foreign investments related to the Certificate of Capital Importation (CCI).Dr. W.J. Kanya, who is in charge of the Trade & Exchange...
Market Watch
Nine Companies Acquire $25.76 Million from CBN’s Retail Dutch Auction to Settle Debts
Sure! Here’s the rewritten blog post using simple English that can be easily understood:The Central Bank of Nigeria (CBN) held a Retail Dutch Auction on August 6, 2024. Nine companies bought a total of $25.76 million to...
Market Watch
Nigeria’s Currency in Circulation Surpasses N4 Trillion Mark for the First Time in June 2024
Nigeria's Currency Hits Record High
The Central Bank of Nigeria (CBN) has new data showing that the money people use every day, called "currency...
Market Watch
Just 10% of Our 2023 FX Gains Have Been Realized – FCMB Group CEO
The big boss of FCMB Group, Ladi Balogun, said only about 10% of the bank's foreign exchange (FX) gains in 2023 are actually money they have in hand.He said this during a meeting called "Facts Behind the Offer" at...
Market Watch
Naira Hits 5th Consecutive Loss Against U.S. Dollar as Fed Interest Rate Decision Looms
The Naira has fallen to its lowest since April, even though the US dollar isn't very strong right now.
Right now, the dollar is at about 104 points compared to other world...
Market Watch
Exchange Rate Plummets to N1,611/$1: Worst Close Since March
On Monday, July 29th, 2024, the value of the naira compared to the dollar dropped to the lowest it has been in four months. It reached N1,611 on the official Investor and Exporter window.
This information...
Market Watch
Exchange Rate Plummets to N1,611/$1, Marking Lowest Close Since April
The exchange rate between Nigeria's naira and the US dollar dropped to a four-month low of N1,611 on Monday, July 29th, 2024, in the official Investor and Exporter window.
This information comes...
Market Watch
Customs Exchange Rate for Duty Collection Surpasses N1,600 per Dollar
The naira has dropped in value, and now Nigeria Customs Service (NCS) uses an exchange rate of N1601.84 per $1 for import duties. Â On Friday, July 26, 2024, the naira traded at N1,609 per $1, the lowest in four...
Market Watch
Naira Experiences Modest Gains as U.S. Dollar Faces Volatility
The Nigerian naira got a little stronger at the end of the week, going below N1600. This happened while the dollar changed a lot in global markets.
In the NAFEX market, the naira went up by...
Market Watch
CBN Distributes $148 Million to 29 Forex Dealers Amid High Naira Demand
The Central Bank of Nigeria (CBN) has sold a total of $148 million to authorized dealers.
On Friday, CBN said these transactions, done on July 22...
Latest News
How I Avoided Writing CVs and Shattered Expectations of Family Success – Davido
Davido has revealed how he defied family expectations and followed his passion for music instead of pursuing a corporate...