LCCI advocates discipline, export to sustain Naira appreciationThe Lagos Chamber of Commerce and Industry (LCCI) has emphasised the importance of maintaining discipline in the foreign exchange...
The foreign reserve has depleted to $32.29 billion, which is a six-year low in the Central Bank’s course to save the naira. This is the lowest...
Reports reaching Nigerian NewsDirect on Tuesday revealed that the Naira appreciated against the dollar significantly in some segments of the parallel market. A Bureau de Change...
The Naira appreciated to N1000 per US dollar as Monday’s foreign exchange market commenced. A Bureau De Change operator, Mistila Dayyabu, disclosed this to the DAILY...
The Naira on Friday experi enced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the...
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ...
The Central Bank of Nigeria (CBN’s) directive stopping the use of Non Export Domiciliary Account Collateral for naira loans will boost dollar liquidity, support reserves accretion...
The Nigerian naira has continued its upward trajectory, reaching a rate of 1,200 against the US dollar on the black market following an adjustment by the...
…Apex Bank prohibits use of Foreign currency as collateral for loans In a decisive move to tackle currency volatility, The Central Bank of Nigeria has once...
The naira continued its weeks-long appreciation against the dollar in the foreign exchange market amid the Central Bank of Nigeria’s fresh effort to defend the currency....