Naira
New exchange rate as CBN crashes dollars to clear imported goods from ports
The Central Bank of Nigeria (CBN) has reduced the foreign exchange rate for Nigeria Customs duty for cargo clearance at Nigeria's air and seaports.
More headache for CBN as naira becomes 3rd worst performing currency in the world
The Nigerian currency, the naira, has got a new position in the list of worst-performing currencies in the world as the value continue to depreciate in FX market.
Economist reveals real naira rate as currency emerges among top worst-performing
According to Bloomberg in a new report, one of the top 10 underperforming currencies in the world is the naira, which is the currency used in Nigeria.
Pick n Pay: List of foreign companies that shut down in Nigeria in 4 years and reasons
The Nigerian economy has seen the closure of many companies, especially multinational firms, which threw many Nigerians into the labour market in four years.
Amid another hike in fuel price, Tinubu gives fresh order to minister Edun, details emerge
Amid another hike in fuel price in Nigeria, President Bola Tinubu has given a fresh order to Wale Edun, minister of finance and coordinating minister of the economy.
Naira bounces back in official, parallel markets after CBN’s currency deal with IFC
The Nigerian currency, the naira, has gained about N40 in the official window following a currency funding deal between the Central Bank of Nigeria (CBN) and IFC
Again, naira depreciates against US dollar in official market
The value of the Nigerian currency has continued to depreciate in the foreign exchange markets as the market struggles to meet rising forex demands.
Dollar strengthens as naira ranks among worst-performing after losing over 70% in 2024
After the foreign exchange market saw a steep drop in dollar liquidity, Nigeria's local currency saw its largest drop in about two weeks, plunging to a record low.
World Bank-owned IFC partners CBN to boost currency financing for Nigerian businesses
The International Finance Corporation has signed an agreement with the Central Bank of Nigeria (CBN) to increase local currency financing for businesses in Nigeria.
Naira
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