Naira
Nigeria's ATM usage declines as Nigerians shift to PoS for cash transactions
A CBN report has shown that in the first half of 2024, Nigerians conducted transactions on POS terminals, far exceeding the value of transactions on ATMs.
Expert predicts Nigeria’s debt to hit N150 trillion in 2025 as each citizen owes N619,000
An economic expert has projected that Nigeria's public debt will rise to N150 trillion by the end of the first quarter of this year, from N143.02 trillion.
Bad news for naira as external reserves decline by $950 million in 2 weeks
Nigeria's foreign exchange reserves have recorded a significant decline in the last 18 days as the Central Bank of Nigeria battles to defend the naira.
Economists predict N1,300/$ naira to dollar exchange rate in 2025, give reasons
The Nigerian Economic Summit Group (NESG) has predicted a recovery of the naira and GDP, as well as a drop in inflation figures in 2025, listing the driving factors.
Naira makes strong gains in official market as CBN predicts high dollar inflow into Nigeria
The naira rose in value against the US dollar for the second day in the official window on Thursday, January 23, 2024, trading at N1,548 from N1,552.78.
Lady who withdrew money from POS displays message she found on N500 note, marvels Nigerians
A lady withdrew money from a point of sale (POS) operator and found a message on one of the naira notes. She displayed it online and got people talking.
CBN counters World Bank, makes strong prediction on Nigeria’s economic growth in 2025
The Central Bank of Nigeria has countered the World Bank's 3.7 per cent economic growth outlook for Nigeria, stating the economy is expected to grow by 4.17% instead
Naira gains balance against dollar in official window as CBN launches new FX Code
The Nigerian currency, the naira appreciated against the US dollar in the official window on Wednesday, January 22, 2025, trading at N1,552.50 per dollar.
CBN launches new Foreign Exchange Code for FX transaction as banks begin sale of BTA, PTA
The Central Bank of Nigeria (CBN) has launched a revised foreign Exchange FX code for authorised forex transactions to boost market transparency.
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