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Naira Remains Stable Across FX Markets, Dollar Sales Increase by 94.46%
Dollar sales at the official market increased by 94.46 percent on Tuesday, marking a notable uptick. The value of the naira remained stable on...
FX turnover plummets by 42.92% on June’s first trading day
On Monday, June 3, 2024, the official foreign currency (FX) market in Nigeria had a sharp decline in turnover, plunging by 42.92%.
On the opening...
FG seeks $7 billion in foreign direct investment from the oil industry – Wale Edun
The country's economy is expected to be boosted by a $7 billion Foreign Direct Investment (FDI) in the oil sector, according to Wale Edun,...
CBN Allows IOCs to Sell Approved FX Dealers 50% of the Earnings from Exports that are Repatriated
International Oil Companies (IOCs) can now sell authorised currency dealers 50% of the remaining revenues from their repatriated exports, according to a recent announcement...
Naira Falls 5.6% With Dollar in May on the Official Exchange Rate
Despite a monthly drop in the dollar index, the value of the Nigerian Naira ended the month lower.
The naira registered a monthly loss of...
