The Naira lost N112.38 against the US dollar at the foreign exchange market in April 2024. FMDQ data showed that the Naira traded at N1,390.96 per dollar on Tuesday, 30th April, compared... Read more »

Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1350 and... Read more »

The naira recorded its first gain against the US dollar at the official foreign exchange Market this week. FMDQ data showed an appreciation of N1,390.96 per dollar on Tuesday from N1,419.11 on... Read more »

Nigeria’s financial technology bank, Opay, said it has closed non-compliant accounts amid the recent Central Bank of Nigeria’s restriction. According to Nairametric, Opay disclosed this in a statement on Tuesday. OPay, Palmpay,... Read more »

Petrol marketers, on Monday, revealed the causes of the lingering scarcity of the product across the country. The Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Satellite Depot, Akin... Read more »

A recent report by Statisense has ranked the Nigerian Naira and the Argentine Peso among the top 15 weakest currencies against the U.S. dollar, highlighting ongoing economic challenges in both nations. This... Read more »

Panic has gripped some bank customers following a recent directive from the Central Bank of Nigeria (CBN), which imposes a temporary ban on mobile money operators, including prominent fintech firms, from onboarding... Read more »

The Central Bank of Nigeria (CBN) has reportedly barred some online microfinance banks from opening new accounts and accepting new customers. The microfinance banks include Moniepoint, PalmPay, Opay, PiggyVest, and Kuda, among... Read more »

The Nigerian currency, the Naira, has experienced a significant decline in value, falling to ₦1,340 per dollar in the parallel market, a notable decrease from N1,300 per dollar just last Friday. The... Read more »