Naira
“Naira is gaining”: CBN predicts new exchange rate as dollar crashes again, FX Reserves rise
The Nigerian naira has gained further against the US dollar for three days, trading at N1,593.57 per dollar in the official market, and N1,595/$ in the black market.
CBN clarifies instructions on foreign exchange manual, gives order
The CBN has provided a clarficiation on its foreign investment rules, requiring evidence of capital importation and redemption of local assets by investors.
CBN crashes dollars for banks, sets new exchange rates as naira gains 3 days in a row
The Nigerian currency, the naira continued its gain in the official market on Wednesday, trading at N1,597.52 per dollar after the CBN sold Forex to dealers banks.
Currency in circulation hits N4 trillion, money outside bank reaches 93.6% amid naira gains
The Central Bank of Nigeria has reported a growth in the amount of currency in circulation, which hit a high of N4.04 trn, and money outside the banks at N3.87trn
Naira reacts CBN sells cheap dollars to Nigerians through 26 banks
The Central Bank of Nigeria (CBN) has auctioned $876 million to 26 banks as it aimed to boost Foreign exchange liquidity, with $313.69 million in bids disqualified.
Nigeria’s 4 richest men climb world billionaire ranking as their wealth grows
Nigeria's leading industrialist, Aliko Dangote, alongside other prominent business tycoons, witnessed a substantial increase in their net worth over just 24 hours.
Boost for naira as CBN takes another decision to crash dollar exchange rate
The Central Bank of Nigeria (CBN) will be interested in the foreign exchange markets by selling dollars at a retail auction, responding to rising forex demand.
Forex inflow in FMDQ declines by 16.5% in one week as naira gains
Foreign exchange inflows into the official market declined by 16.5%, according to data obtained from the FMDQ Exchange, where the dollar is traded officially.
CBN adjusts new exchange rates as naira appreciates by 0.6% against US dollar in official market
The naira recovered some of its loss value against the United States dollar in the Nigerian Autonomous Foreign Exchange Market but fell against the pound, euro.
Naira
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