This covers financial news, investment and advice
The Nigerian naira recorded slight fluctuations against the United States dollar across both the official and parallel foreign exchange markets on Monday, May 18, 2026, as pressure on forex demand continued. Figures from the Nigerian Foreign Exchange Market (NFEM) showed the official exchange rate trading around ₦1,371 per dollar, based on the latest data released […]
Latest Dollar to Naira Exchange Rate for May 18, 2026 Read More »
Nigerians will start paying a 7.5 per cent Value Added Tax (VAT) on selected banking services, including mobile bank transfers and USSD transactions, beginning January 19, 2026, following a new government-backed regulatory directive. Wizopa obtained a notice issued to customers on Wednesday afternoon by Moniepoint, notifying users of the planned implementation of the VAT regime
The Nigerian Naira held a stable but pressured position against the United States Dollar at the mid-week opening of the foreign exchange market. Information from the Nigerian Foreign Exchange Market (NFEM) and different parallel market locations nationwide shows that the local currency is still contending with the volatility that has marked the early months of
Dollar to Naira rate today, January 14, 2026 Read More »
LAGOS — The naira traded slightly weaker across both official and parallel markets on Wednesday, November 12, 2025, with the Daily Nigerian Foreign Exchange Market (NFEM/NAFEM) fixing the rate at around ₦1,437 per US dollar, while Lagos parallel-market dealers quoted the dollar between ₦1,455–₦1,465. The official NFEM rate — the Central Bank of Nigeria’s volume-weighted
Dollar to Naira Exchange Rate Today, November 12, 2025 – Official and Black Market Rates Read More »
The Naira yesterday appreciated to N1,525 per dollar in the parallel market, up from N1,530 per dollar recorded on Monday. Similarly, the Naira strengthened to N1,506.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data released by the Central Bank of Nigeria (CBN) showed that the exchange rate of the Naira improved to N1,506.5
Naira Gains Value, Trades at N1,525/$ in Parallel Market Read More »
Currencies are the backbone of any country’s economy, but like all tools of trade, they can be replaced or abandoned when they no longer serve a nation’s economic or political needs. Over time, nations abandon or replace their currencies for various reasons, ranging from independence and political change to economic crises and regional integration. Demonetisation,
7 Famous Currencies That Are No Longer in Use Read More »
