Naira
Economists predict N1,300/$ naira to dollar exchange rate in 2025, give reasons
The Nigerian Economic Summit Group (NESG) has predicted a recovery of the naira and GDP, as well as a drop in inflation figures in 2025, listing the driving factors.
Naira makes strong gains in official market as CBN predicts high dollar inflow into Nigeria
The naira rose in value against the US dollar for the second day in the official window on Thursday, January 23, 2024, trading at N1,548 from N1,552.78.
Lady who withdrew money from POS displays message she found on N500 note, marvels Nigerians
A lady withdrew money from a point of sale (POS) operator and found a message on one of the naira notes. She displayed it online and got people talking.
CBN counters World Bank, makes strong prediction on Nigeria’s economic growth in 2025
The Central Bank of Nigeria has countered the World Bank's 3.7 per cent economic growth outlook for Nigeria, stating the economy is expected to grow by 4.17% instead
Naira gains balance against dollar in official window as CBN launches new FX Code
The Nigerian currency, the naira appreciated against the US dollar in the official window on Wednesday, January 22, 2025, trading at N1,552.50 per dollar.
CBN launches new Foreign Exchange Code for FX transaction as banks begin sale of BTA, PTA
The Central Bank of Nigeria (CBN) has launched a revised foreign Exchange FX code for authorised forex transactions to boost market transparency.
CBN shares 5 plans to stop buying, selling of naira notes
The Central Bank of Nigeria is unhappy that Nigerians are selling and buying naira notes and has developed strategies to ensure the practice stops.
Access, Zenith, other Nigerian banks begin sale of dollars to Nigerians as naira falls slightly
Nigerian banks have re-kickstarted the sale of foreign exchange for Personal Travel Allowance and Business Travel (BTA) to customers amid improved FX liquidity.
Naira crashes against US dollar to new exchange as Trump’s America first policy begins
New data has revealed that the value of Nigerian currency fell in the official and unofficial foreign exchange markets against the United States dollar.
Naira
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