Naira
CBN ignores BDC operators in forex interventions as naira reverses gains
Bureau de Change (BDC) operators have disclosed that that they were not part of the latest foreign exchange interventions by the Central Bank of Nigeria (CBN).
Naira reverses gain, falls by N71.91 in 24 hours against US dollar, traders give new exchange rate
The Nigerian currency continued its decline against the United States Dollar on the Nigerian Autonomous Foreign Exchange Market despite CBN intervention.
CBN moves to crash dollar, sells over $122m to 46 authorised dealers, new exchange rate emerges
The Central Bank of Nigeria has sold $122 million to 46 dealers as part of its efforts to ease pressure in the foreign exchange market and also stabilise rates.
Naira crushed again in official, parallel markets as dollar inflow improves
The Nigerian currency, the naira, again depreciated in the official and parallel markets, trading at N1,554.66 and N1,570 per dollar respectively.
Nigerian senate reacts to bill empowering CBN to create new FX market, stabilise naira-dollar value
A bill that would have established a forex market that aims to establish regulations for the management and oversight in Nigeria was taken down by the Senate.
“Naira will appreciate”: Tinubu scores first as FX reserves exceed $35 billion
Nigeria's external reserves have risen to a new high of $35.05 billion as of June 8, 2024, according to data from the Central Bank of Nigeria (CBN).
CBN gives new exchange rates as naira bounces back against British pound
The Central Bank of Nigeria improved against the British pound despite falling to the United States Dollar and also the Euro in the official foreign exchange market.
N1,561/$: Naira depreciates again against US dollar, traders quote new exchange rate
The naira has recorded another depreciation against the US dollar, the British pound, and the euro in the official and unofficial foreign exchange markets.
Naira plunges to three-month low amid high reserves as urge for dollar usage increases
Due to customers' growing preference for US dollars, the naira fell to a three-month low of N1,530 per dollar on the black market on Monday, July 8.
Naira
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