Naira
Naira crashes at CBN official market, traders sell US dollar at new exchange rate
Nigerian currency, the naira has depreciated in value against the United States dollar again leaving the Central Bank of Nigeria with more headache.
Dollar inflow rises by 74% as exchange rates in official, parallel markets close gap
Foreign exchange turnover in the official market surged by 74% in the first half of 2024 at $22.88 billion despite the depreciation of the Nigerian currency.
Nigeria set to charge 7.5% VAT on crypto assets after banning Binance
The Nigerian government is set to begin charging VAT on cryptocurrency transactions, beginning July 2024, according to an email from KuCoin, crypto platform
CBN gives orders to Access, UBA, Zenith, others over dirty banknotes from customers
The Central Bank of Nigeria (CBN) has warned Nigerian banks against rejecting dirty and mutilated naira notes, threatening strict sanctions for non-compliance.
Again, naira crosses new threshold in official market as gap between official, parallel markets widen
The naira again hit a threshold at the official and parallel markets on Wednesday, June 3, 2024, trading at N1,512 per dollar and N1,520, respectively.
No more N1,696/£: CBN quotes British pound for new rate as naira gains N162
Naira steadied in June, trading within the N1800 to N1,900 per British Pound region, despite that the local currency began the month at a low of N1879.26.
“N1,500 Per Dollar”: CBN Governor sends message to Nigerians over naira depreciation, makes promises
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has promised that the worst days of the naira are over despite the recent crash.
Naira crashes again in official market, BDC traders quote dollar exchange rate
The Nigerian currency, the naira, continued its poor performance against the US dollar in the foreign exchange markets, leaving CBN with a big headache.
Naira gets new rating among world's currencies in 2024, depreciates in official and parallel markets
The Nigerian currency, the naira has been rated as the world's worst currency in the first half of 2024 after depreciating for nine consecutive days.
Naira
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