
Naira







The Central Bank of Nigeria has released the latest performance of the naira against other foreign currencies and showed that Nigerian currency suffered losses.

The naira appreciated against the US dollar and other currencies in the Nigerian Autonomous Foreign Exchange Market (NAFEM) after days of consecutive depreciation.

The Central Bank of Nigeria has decided to increase the exchange rate to clear goods at the ports and also airports as Nigerian currency depreciates.

Dangote Petroleum Refinery's decision to halt sales of petrol in Nigerian currency is expected to fuel a surge in foreign exchange demand in the country.

The Nigerian naira strengthened by 0.16% in the foreign exchange market on Wednesday, March 19, 2025, trading at N1,530 from N1,532 on Tuesday, March 18, 2025.

The Central Bank of Nigeria has revealed that the naira recorded another poor performance against the US dollar in the Nigerian Foreign Exchange Market (NFEM).

The CBN has managed to prevent a rapid fall in the value of the naira by actively intervening in the foreign exchange market and reducing disruptions.

Nigeria's Foreign Exchange reserves have been on a downward trend since January 2025, but to everyone's relief, the trend changed last week for the better.

The global tariff war has affected the Nigerian currency leading to the naira depreciating for two weeks in the official parallel foreign exchange markets.
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