Naira

CBN data shows foreign exchange inflow in Nigeria in 2024, naira affected

4 months ago

CBN adjusts Customs exchange rates for cargo clearance as naira trades at new co...

4 months ago

Year in review: Key decisions by CBN in 2024 and outlook for 2025

4 months ago

Naira scarcity: House of Reps take action as CBN, banks set cash withdrawal limi...

4 months ago

CBN takes another step to crash dollar, permits BDCs to buy forex from NAFEM

4 months ago

Naira’s value rises against US dollar in official market, nears Tinubu's target...

4 months ago

Nigeria moves to ban Dollar, Pound Sterling, other foreign currency payment In country

A law that would forbid using other currencies for payments and transactions within Nigeria passed First Reading on the floor of the Red Chamber on Tuesday.

Naira is gaining: CBN announces new dollar inflow into Nigeria

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that remittance inflows into Nigeria reached 61.1% to $4.22 billion in 2024.

Naira remains stable in official window as Tinubu predicts new exchange rate for 2025

On Wednesday, the naira experienced a slight depreciation in the foreign exchange market, trading at N1,544.18 as against the previous day's rate of N1,534.

Foreign exchange: Tinubu sets N1,500/dollar rate In 2025 budget, gives reason

President Bola Ahmed Tinubu said the foreign exchange rate will improve from approximately N1,700 per dollar to N1,500 in the 2025 Appropriation Bill.

CBN sets new daily, weekly cash withdrawal limit for Pos operators

The Central Bank of Nigeria has released new guidelines for Point-of-sales operations in Nigeria set a limit on withdrawal amounts, and promised to monitor.

Naira remains steady in official market, gains in parallel market

The naira's value against the dollar remained stable in the EFEMS and appreciated in the FMDQ and parallel markets as demand for the dollar moderated.