Naira
Naira is gaining: CBN announces new dollar inflow into Nigeria
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that remittance inflows into Nigeria reached 61.1% to $4.22 billion in 2024.
Naira remains stable in official window as Tinubu predicts new exchange rate for 2025
On Wednesday, the naira experienced a slight depreciation in the foreign exchange market, trading at N1,544.18 as against the previous day's rate of N1,534.
Foreign exchange: Tinubu sets N1,500/dollar rate In 2025 budget, gives reason
President Bola Ahmed Tinubu said the foreign exchange rate will improve from approximately N1,700 per dollar to N1,500 in the 2025 Appropriation Bill.
CBN sets new daily, weekly cash withdrawal limit for Pos operators
The Central Bank of Nigeria has released new guidelines for Point-of-sales operations in Nigeria set a limit on withdrawal amounts, and promised to monitor.
Naira remains steady in official market, gains in parallel market
The naira's value against the dollar remained stable in the EFEMS and appreciated in the FMDQ and parallel markets as demand for the dollar moderated.
LCCI warns Nigerian businesses to prepare for tougher challenges in 2025
The Lagos Chamber of Commerce and Industry (LCCI) has provided insight into what Nigerian businesses should expect in 2025 and polices of the CBN.
Naira depreciates against US dollar in official market, rises in black market
The latest exchange rate for the naira shows that the value of Nigerian currency fell in the official Nigerian Foreign Exchange Market (NFEM) window.
Naira gains over N147 against US dollar as new CBN platform aids transparency
The newly introduced Electronic Foreign Exchange Matching System (EFEMS) by the Central Bank of Nigeria (CBN) has helped increase the naira's value.
CBN names those behind cash scarcity, slams N150m fine on banks
The Central Bank of Nigeria has asked Nigerians to report banks unable to provide cash and has imposed a fine of N150 million per branch on such banks.
Naira
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