The official NFEM rate showed the naira trading around ₦1,483 to the dollar on Thursday.

The Naira, Monday, November 20, appreciated to N1,135 per dollar in the parallel market from N1,140 per dollar on Friday.

The Nigerian Medical Association, NMA said the hike in drug prices occasioned by exchange rate portends danger for Nigerians.

International passengers might be forced to pay more for their travels, following the rise of airlines’ foreign exchange rates.

. Chief Olusegun Obasanjo, a former Nigerian president, on Tuesday, lamented the high cost of diesel, as well as the exchange rate in the country, saying his fish business has been adversely affected as a result. Chief Obasanjo, a farmer, in a chat with newsmen at his residence in Abeokuta, Ogun State during a Congress […]

By Peter Egwuatu Despite the Central Bank of Nigeria, CBN’s retention of the benchmark interest rate at 11.5 per cent, a Senior Research Analyst at FXTM, Lukman Otunuga, has said that the apex bank may be forced to tighten its monetary policy before the end of the year if exchange rate differentials widen between the […]

…As Osinbajo doubles down on forex reforms Against the backdrop of the controversies generated from the call for market reflective exchange rate by the Vice President, Yemi Osinbajo, a former executive director, international operations at a first generation bank, has listed structural economic issues as key reason why Naira has been under pressure of devaluation. […]

Former Chairman, Senate Committee on Banking Insurance and other Financial Institutions, Dr Rafiu Adebayo Ibrahim, yesterday warned that the politicisation of the exchange rate has become an unhealthy obsession in the country.

By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday moved closer unifying the exchange rates in the official market and the Investors and Exporters (I&E) window, as it devalued the naira to N380.5 per dollar in the official market. Data from FMDQ showed an adjustment of the official exchange rate to N380.5 per dollar […]

The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos.

NIGERIAN Employers’ Consultative Association, NECA, weekend, called for the adoption of floating exchange rate, saying attempts to fix it and impose administrative controls or rationing had failed.

LAGOS — Amidst continued pressure in the foreign exchange market, the Nigerian Stock Exchange, NSE, yesterday said the continued slide in the stock market indices is a fallout from the volatility of the foreign exchange rate as well as uncomplementary economic policies of the government.