Forex

First Bank of Nigeria has announced the suspension of the use of naira cards for international transactions starting September 30. The bank explained that its action was motivated by the nation’s ongoing forex crisis in a statement that…

The general overseer of Omega Power Ministry, Apostle Chibuzor Chinyere has cancelled overseas scholarships for Nigerian students due to high dollar rate. The Port Harcourt based cleric made this known in a Facebook post on Tuesday.…

Aviation expert Bankole Bernard has urged President Muhammadu Buhari’s regime to urgently assist in the provision of foreign exchange to allow foreign airlines repatriate their unremitted ticket revenue. Mr Bernard, Finchglow Holdings…

The Senate, on Wednesday, said it would summon the governor of the Central Bank of Nigeria, Godwin Emefiele, over inflation and naira devaluation which had led Nigerians to more hardship. The senators lamented that the United States…

The Nigerian currency has continued its free fall sinking further to N658 against the U.S. dollar in the parallel market, according to data from Aboki Forex. The naira, which traded for N620 against the dollar on Monday, N630 on…