Naira
Naira may rank as worst currency globally as pressure mounts in parallel market at N1,740 per dollar
The Nigerian naira has depreciated to N1,740 per dollar in the parallel market, which may make it the worst-performing currency globally by year-end.
New exchange rates as Naira gains against dollar, euro, pound sterling in official market
The naira recorded a strong performance against the US dollar, pound, and euro in the Nigerian Autonomous Foreign Exchange Market but lost value in the black market.
Banks, dealers adjust exchange rates as dollar crashes in official window, FX reserves rise
The Nigerian currency, the naira, appreciated against the US dollar by N49 in the official and depreciated in the parallel window to N1,739 as FX reserves rose.
Good news for naira as dollar inflows hit $57 billion monthly amid reserve increase
The Central Bank of Nigeria (CBN) has disclosed that foreign exchange inflows into the Nigerian economy hit $57bn in August, exceeding the previous year's record
Sellers quote new price for bag of rice as data shows cheapest, most expensive brands
According to data from the National Bureau of Statistics (NBS), the price of local rise increased by 152.9% to N95,738 in September 2024 from N37,853 in August.
CBN makes final decision old naira notes after Reps Dec 31 deadline instruction
The Central Bank of Nigeria has responded to the House of Representatives call for the old naira notes to be replaced quickly before December 31, 2024.
Big boost for naira as external reserves rise to $40 billion, CBN explains inflow sources
The Central Bank of Nigeria (CBN) has said Nigeria's foreign reserves have risen to over $40 billion, the first time in over 22 months under President Bola Tinubu.
CBN announces date Nigerians abroad can apply for BVN, operate naira bank account
The Central Bank of Nigeria (CBN) is working with Nigerian Inter-Bank Settlement System (NIBSS) to develop a platform that will allow Nigerians abroad apply for BVN.
Access, UBA, GTB, others adjust exchange rates as naira crashes again against US dollar
The value of the Nigerian currency has continued to depreciate in the foreign exchange markets as the market struggles to meet rising forex demands.
Naira
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