FOREIGN EXCHANGE Archives - Global Upfront Newspapers

Multiple Taxation, Forex Pushing Air Tickets Up, Calls For Review – United Nigeria Airlines’ Okonkwo

Global UpfrontJul 23, 2024July 23, 20240

For Nigerians to enjoy lower air travel tickets, the federal government must step in to save the aviation sector by moderating the over 20 taxes

Nigeria Spent Over N1.7Billion To Purchase $4.4Million, €1.2Million For Buhari, Tinubu’s Foreign Trips From May 11 – September 6, 2023 – Report

Global UpfrontJun 27, 2024June 27, 20240

The Nigerian government purchased over $4.4 million and over one million Euros within four months in 2023 for foreign trips for the President and Vice

Naira Regresses To 1,510/$ Despite CBN’s Interventions

Global UpfrontMay 12, 2024May 12, 20240

The depreciation of the naira continued over the weekend as the currency traded at N1,510 to a dollar at the parallel market and 1,466.31 at

A New Day Begins As Naira Tumbles To N1,234/$ At Official Market

Global UpfrontApr 23, 2024April 23, 20240

A new day begins Tuesday as the Naira depreciated in value against the United States dollar to N1,234 at the official foreign exchange market on

As Naira Hits N1,825/$, NSA Orders Clamp Down on Forex Speculators

Global UpfrontFeb 20, 2024February 20, 20240

National Security Adviser, Nuhu Ribadu, has directed operatives of the Nigeria Police Force, the Economic and Financial Crimes Commission (EFCC), the Nigeria Customs Service (NCS)

Importers’ Woes Worsens As FG Raises Cargo Clearance Rate Again In 24 Hours, Now N1,413.62 Per Dollar

Global UpfrontFeb 3, 2024February 3, 20240

For the second time in 24 hours, the Federal Government has reviewed the Nigeria Customs Service (NCS) exchange rate for importation of goods. The exchange

Naira Crashes To N1,405 In Parallel Market, N900.96 At Official Market

Global UpfrontJan 26, 2024January 26, 20240

Nigeria’s official currency, the Naira, continues its downward swing as it depreciated on Thursday to N1,405 per dollar in the parallel market, from N1,375 per

Tinubu: We’ll Honour Legitimate Foreign Exchange Obligations And Restore Market Confidence

Global UpfrontOct 23, 2023October 23, 20230

President Bola Tinubu has allayed the concerns of the business community, assuring them that crucial plans are underway to improve foreign exchange liquidity. The President

Naira Crashes, Crashes To N1,000/$ In Black Market

Global UpfrontSep 22, 2023September 22, 20230

Nigeria’s foreign exchange crisis worsened on Thursday as a dollar exchanged for over N1,000 at the parallel market. Survey at popular black markets in

Naira Inches To N1000/$1 At Parallel Market, Sells For N925 In Kano, N917 In Abuja, N890 In Lagos

Global UpfrontAug 10, 2023August 10, 20230

The naira plunged to a record low of N925/$1 on the parallel market on Wednesday as demand for foreign currency outstripped supply. This is the