Naira Defies CBN’s Forex Reforms, Tumbles 41% in 2024
In 2024, the Nigerian naira lost a lot of its value, even though the Central Bank of Nigeria (CBN) tried ...
Tag: Forex
NAFEM Forex Turnover Surges 61% to $43 Billion
The Nigerian Foreign Exchange Market (NAFEM) saw a surge in foreign exchange trading, going up by 61.9 percent to $43.09 ...
Fuel and Forex Subsidies Officially End, But Nigerians Already Felt the Pain
Well, well, well, in case you missed it, the Federal Government has officially declared the end of fuel and foreign ...
Dangote Group Stocks Decline Amid Merger Denial And Forex Crisis
The Dangote Group, comprising of Dangote Sugar Refinery and NASCON Allied Industries, has experienced a decline in stock prices due ...
CBN Sells Off Forex to BDCs at N1450/$
On Thursday, the Central Bank of Nigeria sold dollars to qualifying Bureau de Change operators at a rate of N1450 ...
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