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Your Money

  • BDC: CBN instructs sellers above $10,000 to declare sources

    15 hours ago

    The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to dec...

  • Naira hits N2,040/£ at parallel market

    February 19, 2024

    The parallel market exchange rate has experienced a significant decline, plummeting to a record low of N2040 per Great Britain Pound (GBP). This ma...

  • Again, Naira depreciates against dollar in exchange market

    February 15, 2024

    Again, Naira has depreciated against the US dollar on Wednesday. According to data from FMDQ showed that the Naira depreciated to N1503.38 per US d...

  • Bitcoin's market capitalisation hits $1 trillion milestone, surpasses $51,000 mark

    February 14, 2024

    Bitcoin's market value surpassed $1 trillion on Wednesday, according to CoinMarketCap data, which represents the cryptocurrency's first increa...

  • Naira depreciation: Former Bauchi governor fingers corrupt politicians

    February 12, 2024

    Isa Yuguda, the former governor of Bauchi State, has stated that the current downturn of the naira in the forex market was caused by corrupt poli...

  • Naira devaluation: Expert speaks on major cause of free fall

    February 07, 2024

    Dr Gbenga Adeoye, a financial expert, has blamed corruption in the country for the continued free fall of the naira against the dollar. As of Tuesd...

  • ABCON tasks CBN on strengthening naira

    February 02, 2024

    Aminu Gwadebe, the President of the Association of Bureau De Change of Nigeria, has advised the Central Bank of Nigeria to tap into the stre...

  • Naira records new low, drops to N1,515/$

    February 01, 2024

    Naira has fallen to N1,515 per dollar following strong demand on the parallel market, also known as black market. This indicates 1.32% or N20....

  • Abuja: ABCON kicks against BDCs' decision to shut down operations

    February 01, 2024

    The President of the Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadebe, has kicked against the decision of Bureau De Change (BDC) oper...

  • Naira appreciates to N1,455/$

    February 01, 2024

    The Naira slightly appreciated against the US dollar in the official foreign exchange market at the end of January 2024 to close at N1,455/$. ...

  • Forex crisis: Bureau de Change operators shut down offices in Abuja

    February 01, 2024

    The Abuja chapter of Association of Bureau De Change (BDC) Operators has announced the closure of their business premises indefinitely from Thursday, ...

  • Naira slides to N1,500 at parallel market

    January 30, 2024

    The naira continued its downward trend as the dollar exchanged for N1506/$ yesterday from the N1,410 it sold the previous day despite the release of $...

  • Naira appreciates to N891/$

    January 27, 2024

    The Naira has appreciated against the US dollar, closing at N891.90 on Friday.  According to data from FMDQ, the Naira appreciated to N891.90 ...

  • Parallel market: Naira appreciates to N1,350/$

    January 23, 2024

    The naira appreciated on Monday to N1,350 per dollar in the parallel market from N1,370 per dollar last week. Also, the naira depreciated to N925.3...

  • Expert says naira may drop to N1,500 per dollar in 2024

    January 19, 2024

    Johnson Chukwu, the Group Managing Director of Cowry Asset Management Limited, has projected that in a worst-case scenario, the Nigerian currency...

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