Naira
CBN updates naira to dollar exchange rates as official, black markets converge
The Central Bank of Nigeria has provided an update on the naira exchange rate against the US dollar in the official and unofficial foreign exchange markets.
CBN releases new data on money supply in Nigeria, defends ATM new charges from March 1
The Central Bank of Nigeria has provided a statistical breakdown of the country's money supply, highlighting how government borrowing is driving the sharp increase.
Dollar crashes again: Official, black market exchange rates now equal
For the first time since 2023, the official and unofficial foreign exchange rates are at par, giving credence to the CBN's recent policies to stabilize the market.
CBN retains interest rates at 27.5%, Nigerian banks release savings rates
The Central Bank of Nigeria, Monetary Policy Committee (MPC) has decided to retain the Policy Rate (MPR) which means that banks' lending rate will not change.
Dollar falls in all markets as naira trades at new Rate, experts task FG to take action
The naira experienced an improved performance against the US dollar in all foreign exchange markets on Wednesday, February 19, 2025 compared to the previous day.
Rewane believes naira is undervalued as dollar crashes to new exchange rate in black market
Bismarck Rewane, chief executive officer of Financial Derivatives Company has reechoed the position of the CBN and also other financial experts on naira's value.
“N1,500 Per Dollar”: Analysts explain how FG can crash dollar to lowest as new exchange rate emerges
Analysts have disclosed that the current rate of naira at N1,500 is not the best it can be, stating that the FX rate can still strengthen to N1,000 per dollar.
New exchange rate as dollar crashes again in official, black forex market
The value of the Nigerian currency, the naira has recorded another improvement against the US dollar, pound, and euro in the foreign exchange market.
Nigeria’s foreign reserves balance drop below $40 billion, CBN releases latest balance
Nigeria's foreign reserves have dropped below $40 billion, with the currency reserves now $2 billion lower than at the start of 2025, amid efforts to clear FX debts.
Naira
Load more