Currency

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30 billion deposits in domiciliary accounts in the country… Read More

3 months ago

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum… Read More

3 months ago

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

In a turn of events, the exchange rate between the Nigerian naira and the US dollar has reached an unprecedented… Read More

3 months ago

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to… Read More

3 months ago

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

The Nigerian naira witnessed a further decline on Tuesday, 30 January 2024, closing at N1,482 against the US dollar. Read More

3 months ago

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Stakeholders and economic experts have continued to express concerns about the persistent depreciation of the value of Nigerian currency, the… Read More

3 months ago

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

The Nigerian naira plummeted to an unprecedented low of N1,348.63 against the dollar on the Nigerian Autonomous Foreign Exchange Market… Read More

3 months ago

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

The Nigerian naira has plunged to a historic low of N900 against the US dollar in the official market, marking… Read More

3 months ago

Naira Gains Marginally By 1.02% At Official Market

Nigerian currency the Naira, recorded a marginal gain of 1.02 percent against the US dollar as trading closed N891.90 /$ on… Read More

3 months ago

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

Concerns about the impact of persistent depreciation of the value of the naira on Nigerian economy have continued to worry… Read More

3 months ago

This website uses cookies.