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 ...

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 ...

The naira fell 0.57% amid surging dollar demand, while Nigeria's reserves rose to $46.81 billion. Oil prices dropped, ...

Nigeria's Presidency spent N34.39bn on forex for international travel in two years, raising questions on public finance amid ...

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 central bank executed the purchase at a cut-off rate of Tk 122.30 per US dollar, Arif Hossain Khan, Executive Director ...

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