Dollar

The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set to sell $10,000 to each BDCs at…
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The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of…
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Twelve operators of Bureau de Change (BDC) have been arrested by the Economic and Financial Crimes Commission (EFCC) during a raid on their offices at Sabo area of Ibadan on Wednesday. According to report, the operators were caught…
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The naira fell to an all-time low of N1,099.05/$ the official Investor and Exporter forex window on Friday to cap what has been a turbulent couple of months for the national currency.This signifies a 30.36 per cent decline from its closing…
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The naira has maintained its downward trend after commencing trading at 1,175/$ and closed at 1,190/$ at the parallel market. Recall on October 18, 2023, the naira had traded at 1,100/$ at the parallel market before weakened to weakened…
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Nigeria’s naira has continued its free fall on Tuesday as it exchanged for the dollar at the parallel market at between 1,005/$ and 1,025/$. Recall that the naira had maintained a downward trend since the Central Bank of Nigeria allowed…
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Nigeria’s currency has hit a record low on the black market as it exchanged for N1,000 to the dollar on Tuesday, September 26, 2023. This is according to the Bureau De Change operators on Tuesday amid the unmet foreign-currency demand on…
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