Tags Dollar

Tag: dollar

Foreign Investment Into Nigeria Drops By $1.6bn In Q1, 2022

The total value of foreign investment or capital importation into Nigeria dropped on a quarter-on-quarter basis by 28.1 percent to $1.6 billion...

MONEY MARKET: Naira Loses To Dollar, Closes At 419

The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation,...

Nigerians In Diaspora Remit $65.34bn In Three Years

The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the World Bank...

24 Hours After Forex Ban, Dollar Scarcity Hits BDCs

The decision by the Central Bank of Nigeria (CBN) to stop sales of dollar to Bureau de Change (BDC) operators has started...

External reserves gain $76.5 billion in seven days

In a curious twist of fate last week, there was a breather for the falling foreign exchange reserves. The figures gained an...

CBN Welcomes Osinbajo’s Counsel on Cryptocurrency

The Central Bank of Nigeria has acknowledged the Vice President, Professor Yemi Osinbajo, SAN, for his counsel in support of the regulation...

WorldRemit Supports CBN On New USD Bank Account Opening Process

WorldRemit, a cross-border digital payments service, has expressed support for directive of the Central Bank of Nigeria’s (CBN) mandating banks in Nigeria...

Dollar sells for N450 in parallel market

The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market.

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