FOREIGN EXCHANGE Archives - Page 2 of 2 - Global Upfront Newspapers

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

CBN Devalues Naira To 630/$1 – Report

Global UpfrontJun 1, 2023June 1, 20230

The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E)

Nigeria: Dollar Hits N600 At Parallel Market As Forex Supply Shrinks

Global UpfrontMay 17, 2022May 17, 20220

One dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the

CBN to shut accounts of Forex operators over Nigerians in Diaspora remittance violations

Global UpfrontJan 23, 2021January 23, 20210

The Central Bank of Nigeria has vowed to withdraw the operating licences of operators who continue to violate rules regulating diaspora remittances into the country.