Nigeria's foreign exchange market faces a widening gap between official and parallel rates, driven by rising dollar demand ahead of the 2027 elections.

Economists have expressed concern that the Reserve Bank of Malawi’s (RBM) strict enforcement procedures will not ease the ...

The Central Bank of Nigeria now allows licensed BDCs to buy dollars from authorised banks, aiming to boost retail supply and ...

MARK ITSIBOR writes that the recent resumption of forex sales to BDCs by the Central Bank of Nigeria nudges toward a unified rate ...

Trump-linked World Liberty Financial said it plans to launch a forex platform called World Swap, built around its ...

The Central Bank of Nigeria (CBN) has introduced fresh measures mandating cash settlement limits and the swift return of unused foreign exchange to the market, as part of a broader framework allowing ...

At the interbank foreign exchange market, the rupee opened at 90.56 against the US dollar, and touched a low of 90.75 and a ...

Governor Dapo Abiodun of Ogun State has declared that Nigeria’s most damaging economic burden before May 2023 was not the petrol subsidy but the foreign exchange subsidy, arguing that it inflicted ...

The rupee witnessed a volatile trading session and settled for the day on a lower note, down 9 paise at 90.74 (provisional) ...

The rupee depreciated 8 paise to 90.69 against the US dollar in early trade on Friday, pressured by the strengthening of the American currency and a negative trend in domestic equities. Forex traders ...

The naira appreciated again against the US dollar, marking its third consecutive gain following CBN’s decision allowing BDCs ...