Friday, April 19, 2024


February 23, 2024

Naira steady at N1,900 per dollar after EFCC raid on BDC; Binance, Coinbase shutdown

The naira plunged into a swift freefall in the past few days until Nigerian authorities stepped in to halt its dramatic fall.

February 20, 2024

Naira hits N1,825 to dollar despite EFCC gun rescue attempt

The naira dipped further, trading at N1,825 to a dollar, despite efforts by the EFCC to disrupt the activities of perceived manipulators and speculators. 

August 18, 2022

My achievement as EFCC chairman is increasing naira value against dollar: Abdulrasheed Bawa

“From well over N710 to the dollar, following the commission’s intervention, the naira has appreciated significantly against the dollar,” said Mr Bawa.

Abdulrasheed Bawa
August 2, 2022

Naira gains at black market; trades at N665 per dollar

Checks by Peoples Gazette on Tuesday revealed that the naira gained value at the parallel market, rising to N665 per dollar from N710 last week.

Dollar and Naira
September 28, 2021

Lekki Rep Obanikoro asks Emefiele to seize Nigerians’ dom accounts over naira collapse

The House of Representatives member wants CBN to seize all dorm accounts for 12 months.

Babajide Obanikoro, Godwin Emefiele
July 29, 2021

We’re still in business: BDC operators

The association maintained that BDCs are empowered to source FX from other sources and also to provide various services to members of the public.

July 28, 2021

Sell pressure sustains bears as investors react to CBN’s forex shut-out on BDCs

Analysts predict that the sell pressure would persist as investors adjust their holdings following CBN’s shut out of BDCs from forex supply.

Stock Market
July 28, 2021

CBN’s forex ban on BDC will further pressure exchange rate: Cordros Report

Analysts at Cordros Research say the CBN’s ban on forex sale to BDC operators will further pressure the exchange rate in the parallel market.

Godwin Emefiele