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The Central Bank of Nigeria has released the percentage interest rate Deposit Money banks (DMBs) will pay customers for saving on their accounts.

The strongest currencies in Africa have been named and countries such as Tunisia and Libya were included. Nigeria's absence was, however, a conspicuous one.

Nigerian currency's poor performance against other foreign currencies continued in the official and unofficial foreign exchange markets against the dollar, others.

The exchange rate of the naira against the dollar in the NFEM fell by 35.53% in the first quarter of 2024, from N841.15/$ in the fourth quarter of 2023 to N1,304/$.

The Nigerian currency, the naira, came back against the dollar in the official market after the CBN announced a record remittance inflows into the Nigerian economy.

The Nigerian currency has depreciated against the US dollar in both the official and unofficial foreign exchange markets, leaving CBN with more headaches.

The Nigerian currency the naira appreciated the US dollar in the official market on Monday, August 19, 2024, despite a crash in forex turnover in two weeks.

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 Central Bank of Nigeria (CBN) has reduced the exchange rates for import duty in Nigeria's ports as FG begins implementing 150-day import duty-free window.
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