Naira
Massive boost for naira as Nigeria’s external reserves add $2.29 billion in 3 months, now $38.9bn
Nigeria's external reserves rose by $2.29 billion in three months, hitting $38.92 billion in October as diaspora inflow grows and oil prices rise globally.
Dollar exchange rate drops by over N60 as naira bounces back after CBN intervention
The Nigerian currency has appreciated in value against the US dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX), the official market.
Naira sinks lower in official market, nears N2,000/$ in black market
The naira depreciated again in the official foreign exchange market, and the parallel window on Thursday, October 17, 2024, closed at N1,660.49 per dollar and N1,700
CBN clarifies role in forex market as naira crashes to N1,660/$1
Olayemi Cardoso, the governor of the Central Bank of Nigeria, has provided the reasons for the naira's free fall against the US dollar and other currencies.
Dangote's wealth rises to highest level in history after making over N24trn in 24 hours
Aliko Dangote's net worth has reached a historical level after making over N24 trillion in just 24 hours, and he is now back among the world's top 100 billionaires.
Dealers quote dollar at high rates in official, parallel markets as naira crashes
The Nigerian currency, the naira, depreciated in the official and parallel markets on Wednesday, October 16, 2024, to trade at N1,700 and N1,659, respectively.
Naira gets new ranking as World Bank releases list of Africa’s worst performing currencies in 2024
The Nigerian currency has been ranked among the worst-performing currencies in Sub-Saharan Africa, moving up two places from its previous ranking in 2023.
Creative teacher to use 27 envelopes with 5 containing N1,000 notes to teach probability in class
A young teacher has gone viral over the uncommon way he intends to teach his 27 students probability. He said he would do it with 27 envelopes and N1k notes.
Naira reverses gain, crashes by over N100 in hours against US dollar
The Nigerian currency continued its decline against the United States Dollar on the Nigerian Autonomous Foreign Exchange Market despite CBN intervention.
Naira
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