Naira
CBN data shows Nigeria spends $5.47bn repaying Chinese, World Bank, IMF, other loans in 14 months
According to data from the Central Bank of Nigeria (CBN), Nigeria spent about $5.47 billion in 14 months repaying debt to China, IMF, the World Bank, and others.
Naira experiences biggest fall in all forex markets amid renewed dollar demands
The naira experienced its biggest fall on Thursday, March 13, 2025, trading at N1,549 to a dollar in the official window and N1,590 in the parallel market.
Access, Zenith, other currency dealers sell dollar at new rate as CBN releases new exchange rate
The naira has continued to depreciate in the Nigerian Foreign Exchange Market (NFEM) and the parallel market as experts and currency dealers ask for interventions.
Platform set to launch currency market, allows traders exchange currencies directly without USD
PAPSS has stated plans to introduce an African currency market this year in an attempt to increase cross-border trade throughout the continent oof Africa.
Naira depreciation cost Nigerian companies over N2 trillion in foreign exchange losses
Nigerian companies have recorded huge foreign exchange losses, with MTN Nigeria, Nestlé, and Nigerian Breweries Plc among those that suffered the biggest losses.
CBN releases new exchange rates as naira crashes further against dollar, pound, euro
The Central Bank of Nigeria has revealed that the value of the Nigerian currency depreciated against the US dollar in the official and unofficial markets.
CBN makes changes to Customs exchange rate to clear goods at ports as naira depreciates
The Central Bank of Nigeria (CBN) made adjustments to the foreign exchange rates for cargo clearance at Nigeria's ports, increasing it again as naira depreciates.
NNPC begins new negotiations with Dangote Refinery, clarifies end of naira for crude oil deal
The Nigerian National Petroleum Company Limited has provided clarification to its naira to crude swap agreement with Dangote refinery and other local refineries.
Naira bounces back in the official window as traders sell dollar high in black market
The naira recovered in the official foreign exchange market on Monday, March 10, 2025, after days of depreciation, trading at N1,528 to a dollar from N1,542.
Naira
Load more