CIBN Backs Tinubu on FX Rates Unification
CIBN Backs Tinubu on FX Rates Unification The Chartered Institute of Bankers of Nigeria (CIBN) has commended President Bola Tinubu for unifying the Naira exchange rate to save the country…
Naira Jumps as CBN Issues FX Rate Control Update
Naira Jumps as CBN Issues FX Rate Control Update The Nigerian naira strengthens at the official window where investors and exporters of goods and services consummate foreign currency-denominated transactions. In…
FX Losses, Finance Costs Threaten MTN’s Scrip Dividend Plan
FX Losses, Finance Costs Threaten MTN’s Scrip Dividend Plan Telecommunication giant, MTN Nigeria’s scrip dividend plan faces challenges from the company’s large foreign currency transactions revaluation losses in the first…
Naira Rallies Amidst FX Scarcity
Naira Rallies Amidst FX Scarcity The Nigerian naira strengthened against the United States (US) dollar at the Investors and Exporters foreign exchange window, trading at N781.34 compared to N782.38. Similarly,…
Naira Drops to N776.50 over Weak FX Supply
Naira Drops to N776.50 over Weak FX Supply The Nigerian local currency, the Naira, lost the fight against the dominant foreign currency, the United States (US) dollar at the investors’…
Naira Gains 6.01% as FX Pressure Declines
Naira Gains 6.1% as FX Pressure Declines The Nigerian local currency, the naira, traded at N741.64 per the United States (US) dollar at the Investors, and Exporters’ foreign exchange market…