Foreign Exchange

Foreign Exchange Market Nigeria Dollar To Naira

CBN Says TransferWise, Azimo Not Registered In Nigeria, Users Fault Apex Bank

The Central Bank of Nigeria (CBN) has warned that Azimo Money Transfer isn’t a registered IMTO in Nigeria. The apex bank in a tweet also warned Nigerians to steer clear of another international money transfer operator TransferWise, saying they’re not licensed to handle money transfers in Nigeria. In properly managed and regulated by the CBN, […]

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List of IMTOs in Nigeria

Do you have family and friends in Nigeria you would like to send money to? You need not worry because the Central Bank of Nigeria (CBN) has a list of certified IMTOs that can successfully help you deliver funds to your loved ones back home. What are IMTOs? IMTOs are International Money Transfer Operators that are licenced by

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10 Weakest Currencies in Africa Against The USD in 2024

The U.S. Dollar is a global currency and the most widely used in the world, particularly for international trade. Sao Tome & Principe Dobra (STD), Sierra Leonean Leone (SLL), Guinean Franc (GNF), Malagasy Ariary, and Ugandan Shilling are the five weakest currencies in Africa as of February 1, 2024. Here is what the exchange rate is like between the USD

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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 December (Friday, Dec 4, 2020). It showed a slight depreciation from the previous day, Thursday, December 3, when trading at the black market closed at N470/1$. We’re also seeing the effect of the latest policy

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