Nigeria Forex Inflow Declined By $72 Billion.
According to data obtained from the CBN’s economic report for the fourth quarter (Q4) of 2022 which was released on its website recently, stating that...
South African Currency, Rand Falls to New Low Against the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
The forex exchange rate of the South African currency Rand, against the dollar fell to a new all-time low of 19.51 units of the rand...
Naira Falls Against All Forex Markets For The First Time.
The Nigeria currency naira depreciated across all foreign currencies in the forex market, the worst hit since the Naira uncontrollable fall began. This happened as...
Peter Obi Promises To Remove Import Forex Restrictions And End Double Forex Market Rate.
The leading presidential candidate in Nigeria's forthcoming 2023 presidential election, Labour Party's Peter Obi has promised to remove the stifling forex import restrictions and entrench...
Kenya’s Central Bank Says Forex Reserves Are Adequate, In Response To VP’s Claim of Inadequacy.
The central bank of Kenya has refuted remarks made by the country’s deputy president Rigathi Gachagua which insinuates that the East African nation lacks foreign...
Forex Scarcity Faulted As Naira Hit All Time Low Against Dollar.
Nigerian currency recently lost further ground against the US dollar after the naira’s parallel market exchange rate slumped to 735 units per dollar. The naira’s...
Naira Drops To 581 To A Dollar At P2P Market.
Naira loses at the Peer-to-Peer (P2P) market on Friday to trade at N581.2/$1, representing a 1.1% depreciation compared to N575/$1 that it had maintained in...
Crypto and Forex Investment Company; Headway Trade Patterns Run With Investors Billions in Lagos.
A forex and cryptocurrency trading company, registered as Headway Trade Patterns Nig. Ltd., has made away with investors funds amounting to billions of Naira in...
Who Will Help Naira ? Falls Further To 570 Against Dollar.
Naira depreciated further against the U.S. dollar at the forex and crypto unofficial market on Wednesday. However, the currency gained marginally against the hard currency at the official...
Naira Depreciates N550 To a Dollar.
The Naira was at a record low against the dollar this week, depreciating to nearly N550 at the unofficial market from N530 at last week’s...