CBN - Central Bank Of Nigeria
Traders sell dollar at higher exchange rate as naira crashes in official, black markets
The value of the naira has crashed against the United States dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) and also in the black market.
Again, naira crashes by N55 against the US dollar to new exchange rate in black market
The value of Nigerian currency, the naira, has suffered another depreciation against the United States dollar in the official foreign exchange market.
Naira trades at new rates as Access, Zenith, UBA, others sell dollar at high prices
The naira depreciated again in the Nigerian Foreign Exchange Market on Wednesday, March 5, 2025, trading t N1,505 per dollar from N1,502 the previous day.
ABCON calls on CBN to sell dollars to BDCs, shares challenge buying from banks
The Association of Bureau De Change Operators of Nigeria (ABCON) has a sent message to the Central Bank of Nigeria on the operation of forex markets.
CBN gives important step for next-of-kin, others to claim funds in dormant accounts
The CBN is in charge of managing inactive accounts and unclaimed funds; a management committee will oversee the process, which will be run by a special office.
FX dealers raise dollar prices after CBN cuts Customs rates for importers as naira depreciates
The Central Bank of Nigeria (CBN) has reduced the Customs foreign exchange rate for import duty following the appreciation of the naira in the forex market.
Nigeria's foreign exchange reserves decline by 3.3% despite CBN's efforts
The foreign reserves decline in February is an even bigger drop compared to the decline recorded in January 2025, raising concerns among economists.
CBN adjusts interest rate, Zenith, Access, GTB, others rush to borrow N34 trillion
Between January and February 2025, DMBs and commercial banks borrowed an estimated N33.97 trillion from the CBN to handle their day-to-day operations.
Traders sell dollar at new exchange rate as Naira falls again
The Central Bank of Nigeria has released the latest naira-to-dollar exchange rate in the Nigerian Foreign Exchange Market (NFEM) and also the black market.
CBN - Central Bank Of Nigeria
Load more