NAFEM: Dollar supply hits 180% as banks sell $440m
The official Nigerian Autonomous Foreign Exchange Market saw a 180.59 per cent increase in dollar supply on Friday, reaching $440.13 million. This…
Foreign Exchange
Forex revenues hits new high as trade surplus reaches N2.22trn
Nigeria’s foreign exchange earnings increased in the first six months of 2023, as the country’s trade surplus increased to N2.22 trillion. According…
NECA urges FG to increase forex inflow
The Nigeria Employers Consultative Association has urged the Federal Government should take a multifaceted approach, including dealing with oil theft, to increase…
Naira drops N462 against dollar at official market
The Naira-to-US Dollar exchange rate at the Investors and Exporters window decreased to N462.33 per dollar on Tuesday which represents a 0.14…
Naira hits lowest amid external reserve decline
The Nigerian Naira hit its lowest value of the year on the first trading day of April, as the demand for dollars…
Forex scarcity: Jet fuel, airline fares increase, says aviation consultant
The continuous increase in airfares has been attributed to the rising cost of aviation fuel and the scarcity of foreign exchange in…
Banks slash travel allowance, foreign school fees over FX shortage
Deposit Money Banks have slashed the amount their customers can apply for Personal Travel Allowance and schools fees as the foreign exchange…