
Naira







The Customs exchange rates for cargo clearance have remained unchanged despite the naira's volatility and CBN's interventions in the foreign exchange markets.

The Nigerian currency has improved against the United States dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX), which is the official market.

The Central Bank of Nigeria revealed that the value of the naira depreciated against the British pound and the US dollar but appreciated against the euro.

The naira weakened against the British pound in the black market to N2,113.8 per pound following sustained pressure from travellers and importers in the FX market.

The Central Bank of Nigeria has sold $122 million to 46 dealers as part of its efforts to ease pressure in the foreign exchange market and also stabilise rates.

Nigerian currency, the naira has recorded its first positive performance against the United States dollar in the official market for the month of September.

Foreign currency dealers in the official and black markets sold the dollar at high rates on Thursday, August 5, 2024, leading to the crash of the local currency

The Nigerian currency, the naira, depreciated to a six-month low of N1,625 per dollar on Wednesday, September 4, 2025, in the official foreign exchange market.

The Central Bank of Nigeria has yet to adjust the exchange rate for customs duty in September despite the free fall of the naira, but this is about to change.
Naira
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