Naira
Ex-Stanbic IBTC Boss, explains reasons naira is falling despite CBN’s interventions, gives solutions
Stanbic IBTC founder Atedo Peterside asserts that the administration of President Bola Tinubu is desperate for the naira to appreciate against the US dollar.
Traders sell dollar at new rates in official and parallel markets as naira hits lowest in May
The naira fell to its lowest in two weeks after appreciating for one day. The naira traded officially at N1,533.99 per dollar compared to the previous rate.
CBN moves to boost naira recovery, approves 14 new international money transfer operators
The Central Bank of Nigeria (CBN) has given approval in principle to 14 new international money transfer operators (IMTOs) to double Forex remittances into Nigeria
New exchange rate as Naira gains over N64 in hours against US dollar, first appreciation in days
The Naira has recorded a strong performance in the official foreign exchange market against the US dollar but it was a different story against pound, euro.
No more naira trading: Another crypto exchange suspends naira card, other services after Binance
Cryptocurrency exchange KuCoin announced that it will be temporarily suspending both its peer-to-peer naira services and its fast-buy service utilizing naira cards
CBN increases customs duty dollar exchange rate to clear goods, despite naira appreciation
The Central Bank of Nigeria has decided to slash the customs exchange rate for cargo clearances at Nigeria's ports and airports as naira appreciates in FX market.
UBA, Access, Zenith, BDC traders quote new exchange rates to buy dollar as Naira crashes again
The Nigerian currency continues its free fall against the US dollar in both official and unofficial markets, and black market traders all did same.
Black market traders set new dollar rate as naira falls in official market, gap widens
The official exchange rate for the naira fell against the dollar, prompting black market traders to set a new rate, as the CBN's efforts falls flat.
Naira continues free fall in all markets as Africa’s largest bank predicts New FX rate in 2024
The naira crashed again on Friday, May 13, 2024, against the US dollar in the parallel and official markets, closing at N1,478 and N1,520, respectively.
Naira
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