The promise by the Federal Government on August 15 to put a seal on further rise in price of Premium Motor Spirit (PMS), otherwise known as petrol, despite a subsisting deregulation policy is curious.

Barely a week after it started recording some gains, naira appears to have resumed free fall, touching N900/$ at the parallel market. The local currency recorded some gains after President Bola Tinubu met with the Central Bank of Nigeria ...

Naira inched close to a 15 per cent gain against dollar in the parallel market within a week, trading around N820/$ in Lagos and Abuja yesterday evening.

Naira could be facing a fresh crisis as official and black market arbitrage, which narrowed to near zero a week after the foreign exchange (FX) rates convergence, has widened in one week.

Investment bankers are optimistic naira would rally to between N550 and N600 to a dollar later in the year as the reform in the foreign exchange market crystalises and foreign capital flows into the economy.

Lack of access to foreign exchange and continued depreciation of naira, among others have triggered high costs of operations for insurance operators last year.

The Naira on Friday closed on a negative note as it exchanged for N770.17 against the dollar at the investors and exporters window.

Exactly a week after the Central Bank of Nigeria (CBN) pulled the plug on the foreign exchange (FX) market to allow gradual rates harmonisation around the Investors’ and Exporters’ (I&E) window, naira is trading higher at the black market for the first time since 2015.

The Central Bank of Nigeria's ("CBN") announcement of "operational adjustments to the foreign exchange market" last week is, in my opinion, the single most important domestic economic decision Nigeria has made in recent years — one that will have a significant and advantageous impact on the Nigerian market and, as Africa's largest economy, the region…

The Central Bank of Nigeria (CBN) may have embraced the painful, but realistic path to foreign exchange rate convergence, adopting a clean float at the interbank market.

The Central Bank of Nigeria (CBN) says it has not devalued the naira, even as it pledged its commitment to gradual rate convergence. The Deputy Governor in charge of Economic Policy, Dr. Kingsley Obiora....

Four days before the inauguration of a new administration, naira seems to have lost its long-standing N750/$ resistance as it dipped to N760/$ yesterday.