Naira
FG hints at new strategy to stabilise naira, address forex supply
A key member of President Bola Tinubu's administration, Ben Akabueze, has stated that Nigeria's economic stability hinges on foreign loans and investments.
CBN slashes customs dollar exchange rate to clear goods at ports
The Central Bank of Nigeria has slashed the exchange rate for cargo clearances at Nigeria's ports despite the naira's depreciation against the US dollar.
Naira loses ground against dollar as CBN speaks on forex sale to BDCs
The Nigerian currency, the naira, has crashed against the US dollar as speculations are rife that the CBN is defending the naira with FX reserves
IMF predicts Nigeria to lose status as Africa’s biggest economy, new country emerges
A recent report by the International Monetary Fund has said that Nigeria will cease to be Africa's largest economy in 2024 to become distant behind South Africa.
FG speaks on reopening borders as price of rice, sugar, others crash in market
The federal government is contemplating reopening its borders with neighbouring Niger and Benin republics as it continues negotiations with the affected countries.
CBN governor Cardoso finally explains why naira is rising but reserve is falling
Olayemi Cardoso, Central Bank of Nigeria governor, has stated that the naira is not being safeguarded by the central bank using Nigeria's foreign reserves.
BDCs crash dollar again as ABCON announces new buying and selling exchange rate
The Association of Bureaux De Change Operators of Nigeria (ABCON) has once again announced a new buying and selling rate for the US dollar as the naira strengthens.
Naira bounces back, appreciates against dollar, euro, pound sterling in official and black market
The Nigerian currency, the naira bounced back to record a strong performance against the United States dollar in the official foreign exchange markets
Fake news: CBN denies selling $10,000 to BDCs for N1,001/$1
The Central Bank of Nigeria has dismissed a viral publication claiming the apex bank had sold foreign exchange to BDCs at a reduced price of N1,000.
Naira
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