Naira
New exchange rate: Naira closes negatively in official market, gains in parallel window
The Nigerian currency, the naira has depreciated in the official window for the fourth day in February after CBN extended the forex sales to BDC operators.
CBN announces transaction limit for bureau de change operators as dollar crashes
The Central Bank of Nigeria has set a transaction limit for Bureau de Change operators, allowing them to purchase up to $25,000 weekly from Authorised Dealer Banks.
Nigeria’s FX reserves depreciate by $1.19 billion amid CBN’s move to defend naira, service debts
Nigeria's foreign exchange reserves have declined by $1.19 billion as the Central Bank of Nigeria (CBN) battles to stabilise the naira and repay foreign debts.
Access, Zenith, others sell dollar at new rate as naira trades flat amid CBN FX sales to BDCs
The Nigerian currency depreciated slightly in the official and parallel foreign exchange markets on Tuesday, February 4, 2025, after a week-long gain.
“Naira will be affected”: ABCON speak as CBN extends deadline for dollar sales to BDCs
The Association of Bureau de Change Operators of Nigeria (ABCON) has expressed joy following the deadline extension by the CBN for dollar sales to BDCs
Naira reverses 7 days gain as CBN sells dollars, extends FX sales to BDCs
The Nigerian currency weakened against the US dollar on Monday, February 3, 2024, amid CBN's extension of foreign exchange sales for Bureau de Change operators.
Lady shows unexpected amount someone sent to her OPay account, wonders what to do with it
A young Nigerian lady has taken to social media to show the money someone mistakenly sent to her OPay savings account. She wonders what to do with it.
“Sell everything and buy Nigeria”: Experts speaks on Nigeria’s naira assets
Some of the reforms put in place by Olayemi Cardoso, governor of the Central Bank of Nigeria, are starting to pay off as foreign investors wager on Nigeria in 2025.
CBN reduces Customs FX rates for cargo clearance as Naira surges against USD
The Central Bank of Nigeria (CBN) has slashed the foreign exchange rates for cargo clearance amid the appreciation of the Nigerian currency, the naira.
Naira
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