Naira
Reps make demand to CBN as PoS operators announce new charges for deposit, withdrawals
The Central Bank of Nigeria Governor and Chief Executives of Banks may have to appear before the House of Representatives over Point of Sale (POS) operations.
Dollar supply in the official market surges to $43 billion as naira trades at new rates
The foreign exchange market experienced a boost in dollar supply, surging by 61.9% to $43bn in the official foreign exchange market in the first 11 months of 2024.
Dollar sells cheaper in black market as CBN begins new FX trading system
The Nigerian currency, the naira, rose in value against the US dollar in the parallel market on Monday, December 2, 2024, as the banks began trading on a new system.
CBN sets new customs exchange rate to clear goods, importers to pay more
The Central Bank of Nigeria has decided to adjust the Customs exchange rate as the naira falls in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
15 key points to note as CBN's electronic matching system for FX transactions kicks off
The Central Bank of Nigeria (CBN) has finally begun using an Electronic Foreign Exchange Matching System (EFEMS) and there is hope of stabilising naira.
Naira weakens against dollar in official market, strengthens in black market after CBN rule change
The value of the naira has once again depreciated against the United States dollar. A decline in forex transactions after CBN rule changes is partly to blame.
Dollar supply in foreign exchange market grows 226% as naira trades at new Rates in official market
Foreign exchange inflows in the official market increased 226% in the first six months of 2024, following an increase in foreign reserves at $40.88 billion.
Dangote makes over N3bn in 24 hours, gets new position in world’s billionaire list
Aliko Dangote has moved up on the list of the world's billionaires after earning over N3 billion in just 24 hours, while Elon Musk continues to lead globally.
Naira gains in all markets as FX supply exceeds half a billion dollar in official window in one day
The Nigerian currency, the naira, experienced a massive relief in the foreign exchange market in the official and parallel windows on Thursday, November 28, 204.
Naira
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