March 25, (THEWILL) - The Central Bank of Nigeria (CBN) has sold $10,000 to each Bureau De Change (BDC) operator at the rate of N1,251/$1.
The apex bank, in a statement issued by its Director, Trade and Exchange Department,...
March 07, (THEWILL)- Despite the travails and the planned exit of the crypto exchange platform, Binance, announced on March 5, 2024, the naira maintained a free fall for the second day, hitting N1,605.74/$1 on Wednesday, March 6.
The domestic currency...
March 05, (THEWILL) - Cryptocurrency exchange platform, Binance, has announced that it will stop providing all services related to the Nigerian naira (NGN).
Binance, in a statement published on its website on Tuesday, said, "Starting at 8:00 UTC on March...
March 03, (THEWILL) - Mr Ambrose Agada is a transporter and trader at the popular Ile-Epo Food Market in Alimosho Local Government Area of Lagos State. Every day, since the past three weeks, he watches helplessly as his record...
February 06, (THEWILL) - The Central Bank of Nigeria (CBN), on Tuesday, attributed the current hike in the exchange rate between the dollar and the naira, to increasing demand for dollars by Nigerian students studying abroad and those who...
February 05, (THEWILL) - The Governor, Central Bank of Nigeria, CBN, Dr Olayemi Cardoso, has, again, stated that the naira is undervalued.
Dr Cardoso reiterated this position in an interview with Arise News Television Monday, stating that foreign investors...
February 03, (THEWILL) - The Naira lost a whopping N548.48 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) in January, 2024.
This represents a 60.46 percent depreciation during the month.
The local currency opened the month with N907.11 per dollar...
February 01, (THEWILL) - The Naira appreciated on Thursday morning, exchanging for N1,380 to $1 on the parallel market after it fell to over N1,500 on Tuesday and Wednesday.
ThIs is coming amid fresh moves by the Central Bank...
February 01, (THEWILL) - Bureau De Change (BDC) operators in Abuja have announced an indefinite shutdown of business over scarcity of US dollars.
Abdulahi Dauran, Chairman of the Abuja chapter of the Association of BDC, said online banking transactions...
January 24, (THEWILL) - In a scenario that suggests stiff resistance against the measures aimed at halting the steep depreciation of the naira, the local currency maintained its free fall at the parallel market on Tuesday, January 23,...
The commission issued the clarification on Saturday amid growing controversy surrounding the preliminary voters’ register ahead of the 2027 general elections and calls by some Nigerians for Amupitan to step down over alleged irregularities in the registration process.
