Currency

Naira Depreciates By 0.78% In Official Market, Rises To ₦1,570 In Black Market

The value of Nigeria's currency, the naira, dropped by 0.78 per cent on Wednesday in the official window of the… Read More

2 months ago

Naira Gains Little In Official Market At ₦1,617/$1

The Nigerian currency the naira recorded a marginal gain after close of trading in the official foreign exchange market on… Read More

2 months ago

Naira Falls Again By 1.57% To ₦1,627.40/$1 In Official Market

The value of the  naira recorded a decline of 1.57 per cent as the exchange rate rose to N1,627.40/$1 in… Read More

2 months ago

Forex Crisis: Go After Banks Not Only Crypto Platforms, Moghalu Tells CBN

Former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has called on the apex bank to… Read More

2 months ago

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

The Nigerian local currency, the naira, has dropped again to ₦1,602.43/$1 after three consecutive days of trading below the ₦1,600/$1… Read More

2 months ago

Naira Retains Below N1,600/$ Exchange Rate Mark For Third Day In Official Market

Naira has retained trading value of below N1,600/$1 mark for the third day in official foreign exchange market window. Read More

2 months ago

Save Naira: CBN Sells $20,000 Forex To BDCs At Reduced Rate Of N1,301/$

the Central Bank of Nigeria (CBN) has once again begun providing foreign exchange to Bureau de Change (BDCs) operators as… Read More

2 months ago

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria. Read More

2 months ago

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Following concerns raised by importers about irregular changes in import duty assessment levies applied by Nigeria Customs Service (NCS), in… Read More

2 months ago

Naira Trades N1,498/$ At Official Market, N1600 At Parallel Market As CBN Tackles Forex Operators

The naira edged up slightly against the US dollar, closing at N1,498.25/$ on Thursday, showing a marginal improvement from the… Read More

3 months ago

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