Tag: Forex
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Naira tumbles after brief rally as Nigeria dollar supply falls
The naira weakened Tuesday for a third straight day after a brief period of strength that saw it become the world's best-performing currency.
The currency...
CBN crashes dollar rate with new sales to BDCs
The Central Bank of Nigeria (CBN) has announced continued dollar sales to Bureau De Change (BDC) operators, in a bid to further strengthen the...
As naira gains, Nigerians promptly ask: When will prices drop?
A surge in the value of the naira has sparked a wave of optimism and a pointed question from Nigerian consumers: when will this...
CBN’s big rate hike hasn’t helped the naira just yet. Here’s why
After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg termed as a "jumbo rate hike" in its boldest move...
Street-trading of dollars banned as CBN resumes sales to BDCs
The Central Bank of Nigeria has restarted dollar sales to exchange bureaus, reversing it decision to end sales in 2021 to combat graft and...