CBN - Central Bank Of Nigeria
The Nigerian currency, the naira, depreciated against the US dollar for the first time in days amid concerns about the depletion of the foreign exchange market.
Anti-graft agency, EFCC, is set to arraign Pascal Okechukwu, also known as Cubana Chief Priest, for alleged abuse of naira, being the second celebrity after Bobrisky
The Central Bank of Nigeria has revealed that Nigeria's foreign reserves have dropped to the lowest level in seven years amid a rise in the value of the naira.
The Central Bank of Nigeria remains determined to help the naira value in the official and unofficial market by increasing the foreign exchange market.
The naira continued its gain against the US dollar in all markets on Monday, April 15, 2024, selling at N1,100 per dollar in the parallel market and N1,136 at FMDQ.
The naira began the day at N1,130 to the dollar, but by lunchtime on Monday, it had appreciated in value, according to information gathered from currency dealers.
Naira is rated as best performing currency globally but some pastors have prophesied fortune and misfortune for the local currency, including Pastor E.A Adeboye.
Analysts at Financial Derivatives Company have observed that a number of domestic commodity prices are consistently falling due to the naira's gain against dollar.
The Association of Bureau de Change Operators of Nigeria (ABCON) has thrown its weight behind CBN's policy that prevents banks from using FX as collateral.
CBN - Central Bank Of Nigeria
Load more