
Naira







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Nigeria's foreign exchange experienced increased FX turnover in November 2024, hitting $14.39 billion in the review period despite the naira depreciation.

The Nigerian currency, the naira depreciated marginally on Tuesday, December 24, 2024, in the official window, trading at N1,540.65 per dollar, down from N1,535.

The Central Bank of Nigeria (CBN) has provided an explanation to the Electronic Foreign Exchange Matching System (EFEMS) and how it is helping naira appreciate.

The Central Bank of Nigeria has provided insight into the foreign reserves growth now at the highest level in three years and has helped the naira improve.

The Nigerian currency, the naira, rallied against the dollar in the official foreign exchange market amid high predictions of a more excellent rebound in 2025.

According to economic experts, the Nigerian currency would fare better in the coming year due to a combination of factors, including reduced petrol and food imports.

The naira crash and devaluation dealt a devastating blow to local and foreign companies operating in Nigeria in 2024, with most companies shutting down.

The Central Bank of Nigeria has made slight adjustments to the Customs exchange rate for clearing goods at the nation's ports and airports from Monday.
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