Nigeria’s Forex Reserves Plunge By Over $2bn In One Month
Despite the Central Bank of Nigeria (CBN)'s attempts to steady the value of the naira, Nigeria's foreign exchange reserves has ...
Tag: FOREX
Bloomberg Raises Alarm Over Nigeria’s Depleted Forex Reserves
Bloomberg disclosed in its recent report that Nigeria is depleting its foreign exchange reserves at a rate unprecedented in the ...
CBN Increases Customs Forex Duty Rate As Naira Weakens
The Central Bank of Nigeria (CBN) has further increased the exchange rate for calculating customs duties at the nation’s seaports ...
Naira Crumbles To N2,000/1£ At Parallel Market
Nigeria’s Naira is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de ...
Egypt Officially Stopped Using US Dollar In Trade
Egypt, home to more than 100 million people, has one of the biggest economies in both Africa and the Middle ...
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