
CBN - Central Bank Of Nigeria







The naira rebounded on Wednesday, April 23, 2025, closing at N1,603 to a dollar from N1,606 the previous day following the crash of the US dollar to a three-year low

A new ranking has shown the strongest African currencies in April 2025 that have maintained resilience and overcome tough economic headwinds this year.

The Central Bank of Nigeria recorded its biggest dollar sales on Nigerian Foreign Exchange Market (NFEM) amid continue pressure on naira exchange rate.

The Nigerian currency has crashed against the US dollar, shortly after the US currency hit a three-year low. The naira depreciated to N1,606.50 per dollar.

The US dollar has hit its lowest in three years following President Donald Trump's tariff policies, while the Nigerian naira appreciated against the euro

The Central Bank of Nigeria has released all commercial banks and financial institutions approved charges on customers' bank account savings or current.

Foreign investments reached their highest level in at least two years due to attractive returns and significant rate hikes implemented by the CBN to draw in capital.

The new price drop in the ex-gantry cost of locally refined PMS announced by the Dangote Refinery could cost product importers N13.998 billion per month.

While the official market appreciated, the naira declined on the parallel market, closing at 1,599.94/$ on Thursday after closing at 1,603.78/$ the previous week.
CBN - Central Bank Of Nigeria
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