Naira
New exchange rate to clear goods at ports as customs enforces 4% FOB charge
The Central Bank of Nigeria (CBN) has increased the exchange rate for clearing goods at the nation's ports as Nigeria Customs begins implementing a 4% charge.
Dollar crashes again, official, black market exchange rate gap now N30
The value of the dollar has once again crashed in the black foreign exchange market, as the gap between the official and black market rates is now only N31
CBN threatens to suspend dealership licence of Access, Zenith, BDCs, other FX traders, gives reasons
The Central Bank of Nigeria (CBN) has threatened to revoke the licences of banks and other foreign exchange traders, violating its new FX guidelines.
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.
Naira
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