Exchange rates define the cost of one currency in terms of another and fluctuate based on economic factors. Key influencers of exchange rates include interest rates, inflation, and political ...

The Central Bank of Nigeria has released a new exchange rate to clear goods at the nations ports and airports as the naira ...

After seven months of implementing a crawling peg exchange rate system in spot purchases and sales of US dollars, the ...

Like any other trade in life, the relative value of one currency against another depends on which is demanded more. If ...

The Central Bank of Nigeria (CBN) has provided an explanation to the Electronic Foreign Exchange Matching System (EFEMS) and ...

A senior central bank official said that the band for the Taka-USD exchange rate will be recalibrated daily to maintain stability and support the evolving financial system ...