
Naira







The Nigerian currency has depreciated further against the United States dollar in the unofficial market as the market awaits the CBN interventions.

The Nigerian currency has depreciated again against the US dollar, pound, and euro ending August with N28.56 loss despite the CBN's recent interventions.

The Central Bank of Nigeria has said that currency outside the banking system declined to N3.66 trillion in July, showing growing confidence in the banks.

The naira recovered in the official and parallel markets on Thursday, August 29, 2024, trading at N1,593 and N1,615 per dollar respectively, calming the markets.

The Central Bank of Nigeria, as the Nigerian currency, the naira crashed to nearly N1,600 against the United States dollar in the official foreign exchange.

Nigerians looking to travel out of the country from Lagos Airport now have one more option with RwandAir, as airfares continue to soar due to naira depreciation.

The Nigerian currency, the naira, made a marginal recovery in the official market on Tuesday, August 27, 2024, gaining N2 as against the previous day's loss.

The Central Bank of Nigeria has announced a new exchange rate for cargo clearances at Nigeria's ports despite plea from expert to peg rate at N1,000 a dollar

Smuggled Nigerian petrol is selling higher in the neighbouring countries of Benin Republic, Togo and Togo as the CFA Franc is now stronger than the naira in value
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