The naira exchanged to the dollar at 1,233/$ on Monday at the parallel market, according to Bureau de Change operators. Some BDC operators who spoke to The PUNCH said, the local currency which was bought and sold at 1,228/$ and 1,233/$ had traded at the same rate on Friday. Figures obtained ...

The Chief of Defence Staff, Major General Christopher Musa, on Tuesday lamented the delay in the trial of suspected Boko Haram members, saying there should be a special court for terrorists. Musa, who stated this when he alongside other security chiefs, appeared before the House of ...

By  Nike Popoola The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A week earlier, the naira exchanged to the dollar at 950/$. Bureau de Change operators who spoke to The PUNCH attributed the fall to scarcity of foreign ...

By Emeka Anaeto and Peter Egwuatu THERE are indications that exchange rate crises that trailed the foreign exchange market reforms in June 2023 may linger further as supply gap led to further depreciation of Naira in the parallel market yesterday to N930/ $1, down from N925 mid last week. ...

There are indications that banks are ignoring the Central Bank of Nigeria, CBN, directive that they should grant their customers unfettered withdrawal of foreign currencies from domiciliary accounts. Meanwhile, Nigeria’s foreign exchange market has recorded a drastic change following the market ...

By  Naomi Chima The police have arraigned a forex trader, Temitope Badmus, for allegedly stealing N221.6m from six investors. Our correspondent gathered that the 36-year-old allegedly collected the money from the complainants on the pretext of trading with it on Forex Online trading platform. ...