Foreign Exchange

The strongest currencies in Africa in 2023 in terms of US Dollar exchange rate are Tunisian Dinar, Libyan Dinar, Moroccan Dirham, Ghanaian Cedi, Seychellois Rupee, Botswana Pula, Eritrean Nakfa, Namibian Dollar, Lesotho Loti, and Swaziland Lilangeni. In this post, we will compare currencies in Africa against the United State dollar and come up with the 15 most valuable currencies on the continent

The ban on the black market at the forex market by the Central Bank of Nigeria (CBN) may have a slight impact on the activities of the certified Bureau De Change operators. But the ban has also created a huge opportunity for new entrants into the parallel market operations as buyers and sellers of USD,

The Nigerian Naira is one of the worst-performing currencies in Africa, no thanks to the parasitic leadership who has no economic direction. Even as foreign investors continue to pull out of the Nigerian stock market, those at the helm of affairs continue to bank on speculative data that do not reflect the reality of hardship

The forex allocation for students studying abroad is $15,000 per semester, so what happens if a student exceeded the allocation and needs to meet personal upkeep? We will share with you several alternatives to forex allocation by the Central Bank of Nigeria (CBN). You can use any of the available means to meet your forex

The Naira may continue to maintain its instability in the foreign exchange market in 2022 as one US dollar was sold at NGN562/$1 by some Bureau De Change operators Saturday, January 1, 2022 The BDCs bought $1 at NGN555 at Ikeja and other parts of Lagos, Nigeria’s commercial city. It’s NGN565 and NGN550. Before 2021

There are important documents applicants need to submit to the Central Bank of Nigeria (CBN) for the processing of fees for foreign services, such payment is known as invisible transactions in international trade. This isn’t limited to Nigeria. It is a general practice around the world. Foreign invisible transactions are prevalent in Nigeria because of

Generally, the process of commercial export in Nigeria isn’t as easy as they seem online. There are several challenges from the packaging to the point of export. But the most important thing is for an exporter to play their card in a smart way and prepare ahead for the challenges that may come. For instance,

The Central Bank of Nigeria (CBN) should adopt a flexible exchange rate that will allow a pricing mechanism strategy that reflects the demand and supply fundamentals in the foreign exchange market. The Centre for the Promotion of Private Enterprise (CPPE), made the call in its 2021 review of the various policies that were introduced by the CBN