Naira

The Naira on Wednesday appreciated to N1,575 per dollar in the parallel market from N1,585 per dollar on Monday. However, the Naira depreciated to N1,535 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the…
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Reports that the former series of N200, N500, and N1,000 banknotes will no longer be accepted as legal money by December 31, 2024, have been refuted by the Central Bank of Nigeria. The CBN stated in a statement issued Thursday by Sidi…
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The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set to sell $10,000 to each BDCs at…
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The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of…
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The naira fell to an all-time low of N1,099.05/$ the official Investor and Exporter forex window on Friday to cap what has been a turbulent couple of months for the national currency.This signifies a 30.36 per cent decline from its closing…
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Nigerians have expressed their frustration after being unable to withdraw their deposits for transactions as commercial banks slashed their withdrawal limits ahead of Christmas and New Year. In an investigation carried out by LEADERSHIP,…
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The naira has maintained its downward trend after commencing trading at 1,175/$ and closed at 1,190/$ at the parallel market. Recall on October 18, 2023, the naira had traded at 1,100/$ at the parallel market before weakened to weakened…
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Nigeria’s naira has continued its free fall on Tuesday as it exchanged for the dollar at the parallel market at between 1,005/$ and 1,025/$. Recall that the naira had maintained a downward trend since the Central Bank of Nigeria allowed…
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