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Currency
BREAKING: Currency outside bank drops to N3.66 trillion in July, biggest fall in…
In July 2024, the amount of currency outside Nigeria's banking system decreased to N3.66 trillion, marking a 3.32%…
Naira sends mixed signals as Dollar shows some strength
On Thursday, the naira showed mixed performance against the dollar in Nigerian FX markets. It improved slightly to…
CBN unveils new exchange rates for pound, euro as naira settles at N1,579.22/$1
The Central Bank of Nigeria (CBN) announced revised foreign exchange rates, showing slight declines in the naira's…
Naira rises to N1,580/$ in parallel market
The Naira gained value in the parallel market, reaching N1,580 per dollar, up from N1,585 per dollar last weekend.…
Naira gains further at official market
The naira strengthened against the dollar at both official and foreign exchange markets following the Central Bank…
Naira strengthens to 1596 as CBN sells most dollars under Cardoso
On August 7, 2024, the naira gained slightly in official trading due to a $876.26 million sale by the Central Bank…
CBN steps in to save naira with retail dollar auction
The Central Bank of Nigeria (CBN) is holding a retail dollar auction today in an effort to stabilize the naira,…
Naira depreciates to N1,600/$ in parallel market
On Monday, the Naira weakened in the parallel market, falling to N1,600 per dollar from N1,590 last weekend.
…
Naira Depreciates Further, Exceeds N1,600 to a Dollar
The naira has fallen to over N1,600 per US dollar at the official rate, with the dollar closing at N1,608.73 on…
Naira Depreciates To N1,610/$ In Parallel Market
The Nigerian Naira experienced a significant depreciation on Friday, dropping to N1,610 per dollar in the parallel…
Naira’s stability pinned on sustained dollar sales by CBN
Analysts predict that the stability of Nigeria's currency, the naira, will hinge on the Central Bank of Nigeria…
Naira tumbles above the N2,000 mark against British pound
The Nigerian naira faced downward pressure as it started Thursday’s session with a weakening trend against the…
Exchange rate gap closes as dollar trades at N1,520.24 at official market
On Thursday, the naira/dollar exchange rate reached N1,520 in both the official and parallel markets.
This rare…
Naira Depreciates by 0.71% Against Dollar
On Tuesday, the naira faced renewed pressure in the official foreign exchange market, depreciating by 0.71%…
Naira sells 1,485/dollar as official forex market records $23bn
Forex turnover in Nigeria's official market surged to $23.29 billion over six months, driven by Central Bank of…
Naira remains calm across FX markets dollar sales rise by 94.46%
Nigeria's naira remained relatively stable on Tuesday across both official and unofficial foreign exchange…
Naira closes at N1,476.12 as dollar supply drops
The Nigerian Naira appreciated against the US dollar at the official foreign exchange market on Monday, even…
Naira falls further as dollar sales drop by 30.05%
The Nigerian Naira continued its decline against the US Dollar on Thursday, losing over 10% of its value at the…
Naira appreciates to N1,375/$ in parallel market
Nigeria's Naira showed mixed performance on Wednesday, appreciating slightly on the black market but depreciating…
Naira Holds Steady Against Dollar Despite CBN Rate Hike
The Nigerian Naira remained stable against the dollar at the official foreign exchange market on Wednesday, even…
Naira Recovers to N1,459.02/$ After Week-long Depreciation
The naira made a remarkable recovery on Wednesday, bouncing back to N1,459.02 per dollar after experiencing…
Naira Weakens to N1,520 Per Dollar in Parallel Market
The Naira weakened against the dollar, dropping to N1,520 per dollar in the parallel market, down from N1,470 per…
Naira Depreciates by 4.60% at Official Market, Trades at N1,416.57 to Dollar
The Nigerian naira experienced depreciation at the official market, with the exchange rate reaching N1,416.57 to…
Naira depreciates to N1,415/$ in parallel market
The Naira experienced depreciation against the US Dollar in both the parallel and Nigerian Foreign Exchange Market…
Naira closes 1,402/$ at official market as dollar demand persists
In the initial trading session of May at the NAFEM window, the Naira experienced a small decline, settling at…
Naira depreciates against Dollar, hits N1,234 at official market
The value of the Nigerian naira dropped against the United States dollar, reaching N1,234 at the official foreign…
Why dollar is battering euro, Japanese yen and Chinese yuan
The resurgence of the US dollar has caught global financial markets off guard in 2024, with the US dollar index…
Stable Naira appreciation expected to ease Inflation
Analysts predict that the recent stability in Nigeria's foreign exchange market, along with the strengthening of…
We now buy dollars at N980, sell at N1020 – BDCs president
Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria, revealed that BDC…
Naira appreciates to N1,270 in parallel market
Today, Tuesday, the Naira showed signs of appreciation against the dollar in both the parallel market and the…