Naira
CBN Moves to crash dollar again, introduces new system to sell FX to dealers
The Central Bank of Nigeria (CBN) has reintroduced the Retail Dutch Auction System (rDAS) as it moves to meet growing FX demands and improve the naira's value.
Hunger protest Day 3: Price of perishable food finally slashes by 50% across markets
The News Agency of Nigeria reported that the prices of several perishable commodities have dropped by more than 50% amid the ongoing statewide hunger strike.
Good news: Report predicts 3 sources Nigeria will get dollars in 2024
According to the CBN data, users of foreign exchange (FX) spent more dollars in the three months that ended in December 2023 than they did in the prior quarter.
Nigeria’s dollar bond becomes worst-performing as protesters are gunned down in hunger protest
Concerns that the government's plans for change may be thwarted by widespread protests over growing living expenses caused Nigeria's sovereign-risk premium to spike.
Naira lost over 150/$ against British Pound as CBN gives new exchange rate
The local currency, which began the month at N1,913/£, lost more than N150/£, closing at N2068/£ by the end of the month, according to the data provided by the CBN.
Banks, traders crash dollar rate in official, black markets as naira records best gains in 2 weeks
The Nigerian currency, the naira, rebounded against the US dollar in the official and parallel market to trade at N1,570 and N1,580, respectively.
Naira bounces back, appreciates against US dollar in official market, CBN confirms pound, euro rates
Naira has improved in value against the United States dollar after days of recent fall in the official, unofficial foreign exchange market to end the month at a high
Dealers, banks, others buy dollars at different rates in official, parallel markets as naira crashes
The Nigerian currency had a varied performance in the official and parallel markets against the US dollar on Tuesday, July 31, 2024, after CBN's interventions.
Traders quote new rates for British pound, euro as CBN sells FX to dealers
The Nigerian currency, the naira, has shown a mixed reaction against the British pound and the euro following its recent crash against the dollar in all markets.
Naira
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