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Jonathan NwokporThe Naira saw its first N61.38 increase vs the US dollar at the official foreign exchange market, following weeks of deterioration. According to FMDQ data, the value of a dollar
Read MoreJonathan NwokporAccording to a recent Bloomberg report, the country’s currency, the naira, has declined and is now the poorest-performing currency in the world as of the last month. The reverse followed
Read MoreJonathan NwokporFor its entire year ending in March 2024, Airtel Africa Plc reported a $89 million loss after taxes. This was attributed to a $549 million foreign exchange loss brought on
Read MoreJonathan NwokporAt the official foreign exchange market this week, the naira saw its first increase versus the US dollar. According to FMDQ data, the value of a dollar increased from N1,419.11
Read MoreJonathan NwokporAt the official foreign exchange market, the value of the naira decreased by N79.88 relative to the US dollar. The naira closed at N1,419.11 per US dollar on Monday, down
Read MoreJonathan NwokporIn an effort to address the recent devaluation of the Naira, the Association of Bureaux De Change Operators of Nigeria has disclosed plans for a unified retail end of the
Read MoreJonathan NwokporThe Naira has dropped seven times in the last several days at the foreign exchange compared to the US dollar. According to FMDQ data, the Naira fell against the dollar
Read MoreJonathan NwokporAminu Gwadabe, the president of the Association of Bureau De Change Operators of Nigeria, or ABCON, has stated that the BDCs and the Central Bank of Nigeria, or CBN, are
Read MoreJonathan NwokporThe foreign exchange market saw a N81.34 depreciation of the naira against the US dollar in a single day. The naira fell to N1,154.08 per dollar on Thursday from N1,072.74
Read MoreJonathan NwokporThe Nigerian government has decided to sell crude oil to Dangote and local refineries to strengthen the Naira. Gbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory Commission, revealed
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