Exchange Rate

Nigeria, China trade declines to N100.83 billion

The bilateral trade between Nigeria and China has dropped by N37.29bn to N100.83bn ($219m; $1/N460.40 exchange rate) in 2022 from…

3 years ago

Customs not determinant of exchange rate —PRO

The Nigeria Customs Service (NCS) says it does not determine the exchange rate, the Public Relations Officer of the service,…

4 years ago

FAAN blames airfare hike on exchange rate, fuel price

The Federal Airport Authority (FAAN) has attributed the recent increase in airfares to the increase in the cost of aviation…

4 years ago

The exchange rate is artificially low -Osinbajo

Vice President Yemi Osinbajo on Monday said Nigeria’s official exchange rate is “artificially low”. He made the remark during a…

5 years ago

Naira weakens further to $/N486 at parallel market

Nigerian currency depreciated further to $/N486 at the parallel foreign exchange market on Monday as the country continues to grapple…

5 years ago

N386/$ exchange rate not sustainable – BDC operators insists

The Association of Bureau de Change Operators of Nigeria (ABCON) has insisted that the new exchange rate for the BDCs…

6 years ago

Naira stabilizes across forex market segments

  The Naira remained unchanged against the Dollar across the different foreign exchange market segments on Monday. The Investors and…

6 years ago

Naira strengthens against US Dollar

Barely 24 hours after the Naira was forced to a downward trajectory by dollar scarcity, it bounced back closing at…

6 years ago

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