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The Investors’ and Exporters’ (I&E) window closed with the United States Dollar (USD) settling at N771.69/$1 on Thursday, as the naira recovered against the American greenback. According to foreign exchange data released by the FMDQ Exchange covering the official market, the exchange rate between the naira and the dollar contrasted with Wednesday’s N773.42/$1 rate. Although during trading, the exchange rate …

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Former Super Eagles left-back Ifeanyi Udeze has said there is a possibility that Victor Osimhen May not be crowned 2023 CAF African Player of the Year. Osimhen finished eight in the 2023 Ballon d’Or award held in Paris, France, on Monday. The Napoli striker finished ahead of Mohamed Salah of Egypt, Cameroon’s Andre Onana and Morocco goalkeeper Yacine Bounou. It …

The Central Bank of Nigeria (CBN) has rubbished a report by JP Morgan on the status of Nigeria’s foreign reserves which sparked concerns over forex liquidity in the country. Ripples Nigeria reported on Wednesday that JP Morgan reported Nigeria’s foreign reserves stood at $3.7 billion as of December 2022 and not $35.08 billion as disclosed by the CBN. Following the …

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