Naira
A video of Afro-fusion star Burna Boy breaking the public trust has gone viral. He was seen vibing to one of Naira Marley hit songs and it has stirred anger.
The Economic and Financial Crimes Commission is ready to join hands with the Central Bank of Nigeria to find a solution for the naira in the foreign exchange market.
The Central Bank has cut the currency rate by 0.8%, which is used to calculate customs fees at the nation's seaports, as seen in the official trade portal.
the Nigerian foreign exchange market recorded improved dollar supplies in March and April, leading to the naira becoming the world's best-performing currency
The naira has hit a 30-day low in the official market, trading at N1,419 per dollar and N1,340 in the parallel market as foreign exchange turnover declines.
It is currently difficult for Nigerians to take out cash from banks or automated teller machines (ATMs) around the country based oon new findings.
The Association of Bureau de Change Operators of Nigeria (ABCON) has announced plans to set up a unified foreign exchange market system to boost naira's performance.
The value of Nigerian currency continues to remain distorted despite efforts by the Central Bank of Nigeria to stabilize the market and ensure liquidity.
After losing continuously against the British pound for the past week, the Nigerian Naira has made significant gains against it in the previous day or two.
Naira
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