The Nigerian currency on Wednesday continued its bad run as it depreciated to N445.83 a dollar at the official market. This was a 0.11 per cent...
The value of the Naira went down on Tuesday at the forex change markets after the Central Bank of Nigeria (CBN) introduced new cash withdrawal limits...
Nigeria’s currency, the Naira, has kicked off the new week very strong against the US dollar amid an unexpected drop in forex demand. Traders at the...
The Nigeria Inter-Bank Settlement System has revealed that Nigerians’ total value of electronic transactions in nine months (January to September) of 2022 stood at N272 trillion....
The Central Bank of Nigeria(CBN) in the first seven months of 2022, defended the value of the naira by selling $11.24 billion forex to Nigerians and...
The nation’s currency, the naira depreciated against the dollar at the official Foreign Exchange (FX) market on Thursday as supply dropped at the Investors and Exporters...
The World Bank has revealed that Nigerians abroad sent home $20.9 billion to families and friends. This was revealed in its latest Migration and Development Brief...
The naira closed trading on Wednesday unchanged at the official window of the forex exchange market. Data from FMDQ securities showed that at the Investors and...
On Tuesday, the Naira closed the market with a mixed performance against the US dollar at the foreign exchange (forex) markets. While it strengthened against the...
Nigerian currency recorded a good performance against the US dollar at the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) segments of the foreign exchange (FX)...
The Nigerian currency continued its struggles at the official market amid drop in dollar supply over the weekend. Data from FMDQ securities showed that at the...
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has blamed the growing request for foreign school fees and travelling by Nigerians as one of...
The Nigerian currency, the naira, has recovered some of its lost value at both the official and black market on Thursday. According to FMDQ securities data,...
The Nigerian Naira fell 0.11 per cent, or 50 Kobo, on Wednesday due to strong demand for Dollars in the Investors and Exporters (I&E) segment of...
The Central Bank of Nigeria on Wednesday unveiled the redesigned Naira notes. See the pictures below READ ALSO:NEW NAIRA NOTES: Banks adjust operating hours, days, to...
Commercial banks have begun adjusting operating hours and days to help Nigerians deposit their old Naira notes. Banks across the country operate between 8.00 am and...
The naira appreciated to N770 per dollar at the parallel section of the foreign exchange market on Tuesday. The figure represents an appreciation of N15 or...
The Naira on Monday appreciated against the dollar at the Investors and Exporters window, exchanging at N445.38. The figure represents an appreciation of 0.07 per cent...
The Central bank of Nigeria (CBN) has created a countdown clock on its website showing the end for three banknotes in circulation. CBN Governor, Godwin Emefiele,...
The pressure on Nigeria’s currency, Naira moderated on Wednesday as it gained 0.95 percent against the dollar at the parallel market following a slight increase in...
The Nigerian currency had a good day at the black market as traders reduce what they were demanding to sell dollars to Nigerians. Checks by Ripples...
On Tuesday, the naira depreciated to N800/$1, a further drop from Monday’s N780 per dollar performance, after recording its biggest comeback in recent times last week....
The Nigerian currency, Naira, has returned to default settings at the black market 48 hours after recovering 26.24 per cent of its value loss. On Monday,...
Vice-President Yemi Osinbajo has disclosed that Nigeria’s exchange rate regime remains a subject of concern that must be redressed. Osinbajo expressed this view in his address...
The Central Bank of Nigeria (CBN) has confirmed increased deposits in commercial banks across the country. Ostia Nwanisobi, the CBN Director of Corporate Communications, disclosed this...
In the last few days of last week, the recovery of the Nigerian currency, the Naira, had investors skeptical that the rally would last. On Thursday,...
The exchange rate between the dollar and naira fell by -3.9 per cent on Friday in the black market, with the Nigerian currency gaining against the...
Nigerians woke up to the news of the naira rebounding by 20.8 percent to 720/dollar at the parallel market. Recall that last week, the naira dropped...
The dollar sold for N850 in the black market on Thursday. A Bureau De Change operator in the Ogba, area of Lagos State told Ripples Nigeria...
Last week, President Muhammadu Buhari argued that insecurity in the country was not getting worse. We tracked two other stories from the seat of power, Aso...
The exchange rate between the dollar and naira in the black market on Monday maintained over N300 gap against the last closed rate of the official...
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LAST week, the governor of the Central Bank of Nigeria [CBN], Mr. Godwin Emefiele, suddenly announced plans to redesign and reissue the N200, N500 and N1000...
The former Deputy Governor of Central Bank of Nigeria (CBN), Kingsley Moghalu, on Thursday, stressed the urgent need for complete overhaul of economic thinking and management...
The United States dollar appreciated against the naira in the black market on Monday after Bureau De Change operators increased their asking price by N75. Traders...
Recently, the Central Bank of Nigeria (CBN) announced that it plans to redesign some of the country’s naira notes, including N100, N200, N500, and N1000. The...
CLAIM: A video is circulating on Social media, particularly Twitter, showing bundles of money purported to be new naira notes of N5,000 and N2,000 denominations. FULL...
The Central Bank of Nigeria (CBN) has responded to remarks by the Minister of Finance, Budget and National Planning, Zainab Ahmed that her office is unaware...
The Chief Executive Officer of Lafarge Africa, Khaled El Dokani, on Friday decried the exchange rate situation in Nigeria. in a corporate document sent to shareholders...
The move by the Central Bank of Nigeria (CBN) to redesign the nation’s currency, the Naira, has created a huge demand in the forex exchange market....
The Naira closed unchanged on Wednesday at the official market at N441.67 to the dollar. FMDQ securities reports that the local currency did not change from...
The Central Bank of Nigeria (CBN) has announced the suspension of charges on bank deposits by customers. In a briefing on Wednesday in Abuja, the Governor...
The Executive Chairman of Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has vowed to go after hoarders of naira, as the redesigned currency is set...
On Tuesday, the Nigerian currency, Naira, recorded a marginal depreciation of its value at the official market. Data from FMDQ securities shows that the Naira closed...
The Naira started the last trading week of October 2022 on a mixed note at the black market and the official foreign exchange market. At the...
Naira clinched a meager gain against the U.S dollar at the official market on Tuesday but remains above N440. Data published on FMDQ website, where forex...
On Thursday, the nation’s currency, the naira, depreciated against the dollar, Euro and Pound across Foreign Exchange markets (FX). This happened as supply dropped at the...
The Naira appreciated slightly against the dollar at Monday’s Investors and Exporters window as it exchanged at N440.67. This is compared with N441.17 to the dollar...
Nigerian currency has experienced its biggest devaluation at the official market as the Central Bank of Nigeria struggles to meet demands at the official market. Data...
The Naira was under pressure against the US dollar in the foreign exchange (forex) market’s Investors and Exporters (I&E) and Peer-to-Peer (P2P) windows at the weekend....
The Naira had a breather on Thursday, October 6th as it appreciated against the United States after two straight days of losses at the Investors and...
