
Naira







The Central Bank of Nigeria (CBN) has decided to reduce the Customs exchange rate for cargo clearance at Nigeria's ports as the naira improves against the US dollar.

It is now a case of endless demand for the dollar as there are so many market players in need of dollars to facilitate transactions, and only few available.

The Nigerian currency, the naira rose in value against the dollar, British pound, the euro, and other currencies, appreciating by N1,531 on Friday, March 24, 2025.

The Central Bank of Nigeria (CBN) has reviewed the Customs foreign exchange rate for cargo clearance at Nigeria's ports as the naira depreciated in all markets.

The Central Bank of Nigeria has released the latest performance of the naira against other foreign currencies and showed that Nigerian currency suffered losses.

The naira appreciated against the US dollar and other currencies in the Nigerian Autonomous Foreign Exchange Market (NAFEM) after days of consecutive depreciation.

The Central Bank of Nigeria has decided to increase the exchange rate to clear goods at the ports and also airports as Nigerian currency depreciates.

Dangote Petroleum Refinery's decision to halt sales of petrol in Nigerian currency is expected to fuel a surge in foreign exchange demand in the country.

The Nigerian naira strengthened by 0.16% in the foreign exchange market on Wednesday, March 19, 2025, trading at N1,530 from N1,532 on Tuesday, March 18, 2025.
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