Naira
Naira trades at new rates in an official window as Nigeria’s FX reserves grows
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.
CBN lists 19 frequently asked questions on new electronic foreign exchange system and answers
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.
Good news for naira as Nigeria’s foreign reserves rise to highest level in 3 years
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.
Naira begins week on positive note against dollar as external reserves rise to 3-year high
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.
Experts predict new naira exchange rates against dollar in 2025 as remittances grow
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.
Year in review: How naira crash affected local, Foreign Companies in Nigeria in 2024
The naira crash and devaluation dealt a devastating blow to local and foreign companies operating in Nigeria in 2024, with most companies shutting down.
CBN reduces Customs exchange rate to clear goods at ports ahead of Christmas
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.
CBN data shows foreign exchange inflow in Nigeria in 2024, naira affected
Data from the Central Bank of Nigeria (CBN) shows that the Nigerian economy experienced a decline in FX inflow in the third quarter of 2024, relative to 2023.
CBN adjusts Customs exchange rates for cargo clearance as naira trades at new cost
The Central Bank of Nigeria (CBN) has marginally increased the Nigeria Customs duty rate for importers following the slight depreciation of the Nigerian currency.
Naira
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