A step-by-step guidance for using Rising Capital,
1. Visiting a bank branch.
2. Providing a Rising Capital account number.
3. Making a deposit.
4. Informing the teller about the purpose of the deposit (post on our app)
FG Plans to Stop Foreign Airlines from Selling Tickets in Dollars — NANTA Chairman Yinka Folami
The Federal Government will end the sale of tickets in dollars by foreign airlines soon, according to the President of the National Association of Nigerian Travel Agencies (NANTA), Yinka Folami.
The NANTA president described the cross-border trading in foreign currency as “a cr+me against the economy”
Just today:
1. The naira hit its 2025 peak at ₦1,421/$ as forex supply increased.
2. The FG announced plans to stop foreign airlines from selling tickets in U.S. dollars, meaning they will soon have to sell in naira.
Great work!
Naira gains at official market, trades at N1,421/$
The naira appreciated to N1,421 per dollar at the official section of the foreign exchange (FX) market on Friday.
Data from the Nigerian foreign exchange market (NFEM) — the country’s official market — showed that the currency gained N15.23 or 1.04 percent from the N1,436/$ recorded on October 30.
The latest recovery signals the naira’s strongest performance so far this year, and reflects a weeklong positive trend that has seen the local currency record consistent gains against the greenback.
According to the data, the local currency began the week at N1,452 to the dollar on Monday, appreciating further to N1,448 on Tuesday, and N1,444 on Wednesday.
At the parallel section of the market, the naira also appreciated throughout the week, selling at N1,490 per dollar on October 27 and October 28; N1,480 on October 29; N1,460 on October 30, and N1,450 on October 31.
Nigeria is about to be where it should have been long ago. Dangote just announced that the refinery's doubling daily output. Our demand for FX has reduced drastically and the reforms are turning green. You really think they like you that much and will not put up a fight?
The US and her allies are hellbent on destabilising Nigeria using the most insane excuses.
With Rising Capital, you can now easily *purchase foreign currency* into your domiciliary account and *send foreign currency* from your account to others, locally or internationally. Seamless and convenient foreign exchange transactions, all in one place!