Tag: forex

Diaspora remittances are expected to rise to ₦31.7871 trillion -CBN

The Central Bank of Nigeria (CBN) has projected that diaspora remittances are expected to rise to ₦31.7871 trillion when fourth-quarter 2024 figures are released. The substantial increase in diaspora remittances…

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Excitement As Nigeria’s Naira Sustains Rally at parallel market

The Nigerian naira has strengthened further across the foreign exchange (forex) markets amid expectations that the national currency will continue to gain weight in the period ahead. At the Nigerian…

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MTN Nigeria recorded N740bn FX losses in 2023

MTN Nigeria Plc recorded a loss before tax of N177.8bn compared to a pre-tax profit of N518.8bn in the previous year. This significant shift was attributed to the telecom operator’s…

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