Naira
Big boost for Naira as Nigeria’s foreign reserves rise by $490m after FG’s action
The Central Bank of Nigeria has revealed that Nigeria’s foreign reserves have increased following a successful $500m bond issuance, a big boost for the naira.
Naira recovers near N1,500/$ as CBN officially adjusts exchange rates, traders happy
The naira rallied against the US dollar in the official exchange rate window on Wednesday, September 11, 2024, to N1,558.75 per dollar from the previous day's rate.
After Binance, FG identifies two other crypto platforms undermining the naira, EFCC takes action
The Nigerian government has said it has frozen millions of naira linked two cyrptocurrency platforms, KuCoin and ByBit, involved in naira manipulation.
Naira crosses new threshold as traders quote the dollar at higher rates in official window
The Nigerian currency the naira experienced a decline again, crossing the N1,600 per dollar threshold in the official and parallel market windows.
CBN leaves Customs FX rates for cargo clearance unchanged as naira rebounds
The Customs exchange rates for cargo clearance have remained unchanged despite the naira's volatility and CBN's interventions in the foreign exchange markets.
CBN intervention helps naira to dollar new exchange rate falls below n1,600
The Nigerian currency has improved against the United States dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX), which is the official market.
CBN updates pound, euro exchange rates as dollar crashes by over N100
The Central Bank of Nigeria revealed that the value of the naira depreciated against the British pound and the US dollar but appreciated against the euro.
Naira trades at new rates against pound after massive gains against USD as CBN sells dollars to BDCs
The naira weakened against the British pound in the black market to N2,113.8 per pound following sustained pressure from travellers and importers in the FX market.
CBN sells dollar at N1,580 to BDC operators, sets resale exchange rate
The Central Bank of Nigeria has sold $122 million to 46 dealers as part of its efforts to ease pressure in the foreign exchange market and also stabilise rates.
Naira
Load more