Check US Dollar to Naira Daily Black Market Rate Today in Nigeria
Opeyemi Quadri The black market exchange rate of the US dollar to Naira in Nigeria early morning of Monday, January 25, 2021,…
Foreign Exchange
CBN defends naira with $4.37bn in three months
The foreign exchange market gulp $4.37bn in the third quarter of 2020 as one of the moves by the Central…
List of Currencies In Africa: Currency Sign And Code
In the pre-colonial era, African countries adopted their own means of exchange. For instance, in Nigeria, there was trade by…
ALERT! TransferWise, Azimo Not Registered In Nigeria – CBN Warns Nigerians
The Central Bank of Nigeria (CBN) has warned that Azimo Money Transfer isn’t a registered IMTO in Nigeria. The apex…
IMTOs: List Of International Money Transfer Operators in Nigeria
Some payment platforms get the approval of the Central Bank of Nigeria to carry out cross-border payments and currency exchange.…
25 Weakest Currencies in Africa, Naira Is On The List Despite Nigeria’s Rich Economy
All over the world, a currency can either be strong or weak, depending on many factors and economic policies of…
Why Kuwaiti Dinar Remains The Strongest Currency In The World, KWD Is Valuable Than US Dollar, Euro, & Pounds
Summary: We’ll tell you why Kuwait Dinar remains valuable than the US dollar, the most widely circulated and traded currency…
Is Dubai Currency Higher Than Naira?
Over time, we’ve heard Nigerians asking, “Is the Emirate Dirham higher than the Nigerian Naira?” They are mostly those who…
5 Things to Watch in Dollar To Naira This Week December 14, 2020
Dollar to Naira Exchange Rate this week Monday, December 14, 2020, to Friday, December 18, 2020, is going to be…
Top 40 Strongest Currencies In The World, USD, GBP, Euro Are Not On Top 4
A currency is money in paper form (banknotes) or coins backed by law and accepted as a medium of exchange…
Naira-Dollar Closes At N475/1USD At Parallel Market On December 4, 2020
The daily parallel market exchange rate closed at ₦475/1USD as Nigeria dived into the first weekend in the month of…
Influence of IMTOs On Foreign Currency Exchange Rate in Nigeria
Hey, have you read the latest CBN directive on remittances? If you haven’t, we’ll tell you more about it and…
How To Use Domiciliary Account In Nigeria According To CBN Guidelines
Domiciliary Account allows individuals, businesses and corporate organisations to receive and make payments in foreign currencies. In this post, we’ll…
US Dollar Sells for N495 At Parallel Market, Hours After CBN Comment on Forex
The Nigerian Naira now goes for N495 against one US dollar at the parallel market at the close of trading…
Parallel Market Is Shallow Godwin Emefiele
Governor of Nigeria’s apex bank Godwin Emefiele has said that the parallel market is shallow and illegal, patronise by those…
Parallel Market: CBN Governor Got It Wrong On Foreign Exchange
I watched the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele speak on the activities of speculators on…
Naira Depreciates To N478 Against USD At Parallel Market, Worst Exchange Rate In 7 Months
The pressure on the Nigerian currency persists as Naira depreciated further Wednesday, hitting N478 against 1US Dollar. It closed at…
Naira Weakens To 470/USD Despite Nigeria’s Apex Bank Interventions
Between November 11-November 13, 2020, the interventions of the Central Bank of Nigeria (CBN) seemed to be losing impact as…
Nigeria’s Foreign Exchange Falls To $35.63bn, Lowest In 2 Months
Nigeria’s foreign exchange reserves have fallen to $35.63 billion, should investors be worried? The latest from the Central Bank of…
How To Increase Value Of Nigerian Naira (10 Workable Ways)
Summary: A look at policies Nigeria’s apex bank (Central Bank of Nigeria) can consider to increase the value of Nigerian…
