Naira
Naira is rising”: Dollar demand drops as traders quote new FX rates in official markets
Traders and foreign exchange dealers reduced their demands for the dollar in the third quarter of 2024, helping the naira to increase in value against USD.
New exchange rate: CBN’s new policy helps naira’s value rise by over N100
Launching the Electronic Foreign Exchange Matching System (EFEMS) by the Central Bank of Nigeria has helped the naira in the foreign exchange market.
New exchange rate as naira falls against US dollar, pound, euro in official, black markets
The naira's value in the official and unofficial foreign exchange markets dropped on Monday against the United States Dollar, British Pounds and the euro.
CBN reports increased dollar inflow via Western Union, Flutterwave, other IMTOs
The Central Bank of Nigeria (CBN) has reported a massive surge in foreign exchange remittances through international money transfer operators in 2024.
Foreign exchange inflow into Nigeria rises to $46.92 billion as naira gains In official window
Data from the Central Bank of Nigeria (CBN) shows that the Nigerian economy experienced a net inflow of $46.92 billion in the first 10 months of 2024.
Naira continues gains in new year as traders quote dollar at new rate
The naira has continued to strengthen against the US dollar, extending its gains into the second trading day of the new year and gaining marginally.
Boost for naira as CBN explains $22.8 billion inflow into Nigerian economy in 2024
The Central Bank of Nigeria (CBN) has estimated that about $22.89 billion came into the Nigerian economy in the third quarter of 2024 relative to the $22.22 in 2023.
CBN governor speaks on new exchange rate, economic growth expectations in 2025
The governor of the Central Bank of Nigeria (CBN) has shared his expectations for the Nigerian economy and the performance of the Nigerian currency in 2025.
Naira begins 2025 on positive note after worst-performing currency ranking in 2024
The naira started the new year trading high against the US dollar, trading at N1,538 against the dollar, up from N1,540 it traded the previous day in the EFEMS.
Naira
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