The naira recorded its first depreciation in the parallel foreign exchange market on Wednesday since the start of the week. A ...

The Nigerian Senate has summoned top security chiefs for a closed-door session over allegations that USAID has been funding ...

IHS Holding's stock has risen 28% since my last article, arguably due to a more stable currency and more US dollar availability in Nigeria. Read more here.

The Central Bank of Nigeria (CBN) has imposed a $25,000 weekly limit on foreign exchange purchases by Bureau de Change (BDC) operators, a measure aimed at tightening control over the retail forex ...

The Central Bank of Nigeria (CBN) has announced a weekly transaction limit of $25,000 for Bureau de Change (BDC) operators when purchasing dollars from Authorised Dealer Banks (ADBs) to satisfy retail ...

The Central Bank of Nigeria (CBN) has unveiled new regulations restricting Bureau de Change (BDC) operators to sourcing a maximum of $25,000 in foreign exchange per week from a single authorised ...

At the recently concluded Nigeria Climate Change Forum in Abuja, speakers emphasized the urgent need for robust, locally driven strategies to tackle the climate crisis while fostering sustainable ...

The Association of Bureau de Change Operators of Nigeria (ABCON) has reacted to the news of the Central Bank of Nigeria (CBN) extending the Foreign Exchange (FX) sale period to May 30. ABCON President ...

The naira on Tuesday closed flat across foreign exchange (FX) market following reduced demand and improved liquidity as the Central Bank of Nigeria (CBN) extended dollar access to the Bureau De Change ...

The Central Bank of Nigeria (CBN) yesterday extended the $25,000 weekly sale to Bureaux De Change (BDCs) at the Nigeria Foreign Exchange Market (NFEM) by four months ending May 30. In a statement ...

The change comes shortly after Trump announced he appointed Treasury Secretary Scott Bessent to be acting director of the bureau, replacing Biden appointee Rohit Chopra, whom Trump fired over the ...