Global credit rating agency, Moody’s Ratings, has upgraded Nigeria’s long-term foreign and local currency issuer ratings from Caa1 to B3, citing improved transparency in the country’s foreign exchange system and …
forex market
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Banking, Finance & InvestmentEconomyNigeriaOil & GasPolicies
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMarketsNigeria
ABCON Warns Over Three Million Nigerians May Lose Livelihood as BDCs Struggle to Meet New Capital Requirement
The Association of Bureau De Change Operators of Nigeria (ABCON) has raised serious concerns about the impact of the Central Bank of Nigeria’s (CBN) new capital requirements for Bureau De …
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EconomyFinance & ServicesINVESTMENTMarketsPoliticsSecurity
Shareholders Hail Tinubu’s Economic Reforms, Urge Sustained Action as Administration Clocks Two Years
Shareholders under the Association for the Advancement of Rights of Nigerian Shareholders (AARNS) have commended President Bola Ahmed Tinubu for implementing what they described as bold and necessary economic reforms …
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BusinessEconomyFinance & ServicesGOVERNMENTMarketsPoliciesPolitics
Naira Gains Ground Against Dollar as CBN Holds Interest Rate Steady
The Nigerian naira has shown consistent strength against the US dollar throughout the week, culminating in a notable appreciation on Friday, May 23, 2025.Data from the Central Bank of Nigeria …
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AFRICA NEWSBusiness and EconomyDevelopmentEastern AfricaEthiopiaFinance & ServicesTrade and Commerce
Ethiopian Economists Urge Transparent Forex Market to Control Rising Inflation
Economists under the Ethiopian Economics Association have advised the government to increase transparency in the foreign exchange market to help reduce the steady fall of the Ethiopian Birr. They warned …
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AfricaAFRICA NEWSBusinessBusiness and EconomyEconomyFinance & ServicesMarketsNigeriaWestern Africa
Naira Strengthens, Now Trades at ₦1,530.52/$ at Official Window
In a surprising twist in the foreign exchange market, the Nigerian naira on Tuesday recorded a modest appreciation against the United States dollar, exchanging at ₦1,530.52/$ at the official window. …