Pascal Oparada

1 week ago | legit.ng | Pascal Oparada |Nkem Ikeke

The Central Bank of Nigeria (CBN) has issued a new exchange rate for the naira following the lowest crash in three weeksThe naira depreciated to N1,612 per dollar on Wednesday, May 7, 2025, from N1,605 the previous dayThe development comes as the foreign exchange inflows into the FX markets fell in April, data from the FMDQ showedLegit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

1 week ago | legit.ng | Pascal Oparada |Kola Muhammed

Foreign exchange inflows into the Nigerian FX market dropped in April due to  the ongoing global tariff warData shows that total foreign exchange inflow declined by 5.7% per month to $3.67 billion from $3.90 billion in MarchAdditionally, foreign portfolio investment also dropped by 16.5% to $657.4 million, the lowest in seven monthsLegit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.