Naira
CBN moves to crash dollar, sells over $122m to 46 authorised dealers, new exchange rate emerges
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.
Naira crushed again in official, parallel markets as dollar inflow improves
The Nigerian currency, the naira, again depreciated in the official and parallel markets, trading at N1,554.66 and N1,570 per dollar respectively.
Nigerian senate reacts to bill empowering CBN to create new FX market, stabilise naira-dollar value
A bill that would have established a forex market that aims to establish regulations for the management and oversight in Nigeria was taken down by the Senate.
“Naira will appreciate”: Tinubu scores first as FX reserves exceed $35 billion
Nigeria's external reserves have risen to a new high of $35.05 billion as of June 8, 2024, according to data from the Central Bank of Nigeria (CBN).
CBN gives new exchange rates as naira bounces back against British pound
The Central Bank of Nigeria improved against the British pound despite falling to the United States Dollar and also the Euro in the official foreign exchange market.
N1,561/$: Naira depreciates again against US dollar, traders quote new exchange rate
The naira has recorded another depreciation against the US dollar, the British pound, and the euro in the official and unofficial foreign exchange markets.
Naira plunges to three-month low amid high reserves as urge for dollar usage increases
Due to customers' growing preference for US dollars, the naira fell to a three-month low of N1,530 per dollar on the black market on Monday, July 8.
Nigeria Customs announces new dollar exchange rate to clear goods at ports
The Central Bank of Nigeria has decided to increase the foreign exchange rates for cargo clearance in Nigerian ports as the naira depreciated against the dollar.
New exchange rates as naira reverses gain, crashes in official, black markets as FX reserves rise
The naira has reversed its gains in the official and black markets, trading at N1,523.33 and N1,530 to a dollar, respectively. The fall is despite improved turnover
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