Naira
Importers to pay less as CBN adjusts Customs Exchange rate amid dollar's fall in all markets
The Central Bank of Nigeria (CBN) has adjusted the exchange rate for cargo clearance, lowering slightly above the official market window as naira gains.
Dealers raise dollar exchange rate in black market as naira gains in CBN’s official market
The value of the naira improved against the dollar in the CBN Nigerian Foreign Exchange Market (NFEM) but black market traders increased the dollar exchange rate
Naira in trouble as foreign reserves drop for 33 straight days
The Central Bank of Nigeria has revealed that Nigeria's foreign exchange reserves have recorded a significant decline falling for 33 straight days,
Again, dollar falls in foreign exchange market as official, parallel rates narrow
The US dollar crashed again in the foreign exchange market as the naira continued to surge against major currencies, closing at N1,501 per dollar on Tuesday.
"Recapture your entries": Customs announces changes to 4% FOB charge amid public outrage
The Nigeria Customs Service (NCS) has asked importers to recapture their entries following the cancellation of the four per cent Free-on-Board (FOB) charge.
Naira sustains gains against pound, euro, Canadian dollar as USD trades at new rates
The naira has strengthened since the Central Bank of Nigeria (CBN) launched the Electronic Matching System (EFEMS). The naira rose in value against most currencies.
Naira appreciates: Dealers sell pound, euro, Canadian dollars at new exchange rate
The Nigerian currency, the naira has improved in value since the Central Bank of Nigeria introduced the Electronic Foreign Exchange Matching System (EFEMS).
Naira hits new milestone as it finally sells below N1,500, analysts discuss new rate stability
The value of the naira continued its upward trend on the parallel market, rising from N1,530 per dollar the previous weekend to N1,500 per dollar on Monday.
Currency in circulation hits new high at N5.24 trillion, cash outside banks now 90 per cent
The Central Bank of Nigeria (CBN) data shows that the currency in circulation rose to a new high in January 2025 at N5.24 trillion from N3.65 trillion in 2024.
Naira
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