Naira
Naira Sets a new exchange rate in official, parallel markets as dollar supply drops
The Nigerian currency, the naira sank to its lowest in the official foreign exchange market on Tuesday, November 12, 2024, closing at N1,689.44 per dollar.
Naira crashes again in official window, appreciates in black market
The Nigerian currency, the naira, was exchanged weaker in the official window and appreciated in the parallel market as Rewane predicts a stronger naira in 2025.
Expert projects new exchange rates for naira as CBN slashes Customs duty
An economist, Bismarck Rewane, has projected a sound exchange rate for the Nigerian naira in January 2025, saying the currency will bounce back stronger.
CBN slashes customs exchange rate to clear goods at ports
The Central Bank of Nigeria has reduced the Customs duty exchange rate for cargo clearances at Nigeria's ports despite naira's poor performance against the dollar.
Nigeria’s FX reserves hit $40 billion as naira tumbles in official, Black Markets
The governor of the Central Bank of Nigeria (CBN) has disclosed that the bank's policies raised Nigeria's FX reserves to a 33-month high of $40 billion.
New exchange rate as naira reverses gain, falls against US dollar in official and black market
The value of the Nigerian currency, the naira, continued its free fall against the United States dollar in the foreign exchange market, and it could get worse.
CBN clarifies position on converting foreign currency in domiciliary accounts to naira
The Central Bank of Nigeria (CBN) has disclosed that commercial banks must allow domiciliary account holders to convert their foreign currencies to naira.
Naira makes great recovery in official and black marketsafter depreciating to lowest
The naira recovered in the official and black markets on November 7, 2024, after falling to its lowest the day earlier as the US dollar rebounded strongly.
CBN hikes exchange rates for importers as dollar strengthens amid Donald Trump’s win
The Central Bank of Nigeria (CBN) has hiked the Customs exchange rates for cargo clearance in Nigeria's ports as the Nigerian currency, the naira fell.
Naira
Load more