Top 10 Strongest Currencies in the World
The analysis focuses on the strongest currencies worldwide, determined by the amount of foreign currency acquired when exchanging one US dollar. The data is extracted from a currency converter, which…
FG Earns N581.7bn from FX Difference in July
The Nigerian government generated N581.710 billion in revenue from foreign exchange differences in July 2024, according to the Federation Account Allocation Committee (FAAC) communique. This revenue is part of…
Forex Reserves Drop To $36.32bn On High Dollar Demand
Nigeria's foreign exchange reserves have declined to $36.32bn as of August 29, 2024, according to data released by the Central Bank of Nigeria. This marks a decrease…
CBN Injects $20,000 Into Forex Market To Boost Liquidity
The Central Bank of Nigeria (CBN) has released $20,000 to each Bureau De Change (BDC) operator to provide more liquidity in the foreign exchange market. According to the CBN's…