naira

THE Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market. Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against…

The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline despite the various foreign exchange policies introduced by the Central Bank of Nigeria to strengthen…

Following the directive of the Central Bank of Nigeria (CBN) asking banks and other financial institutions to close the accounts used for cryptocurrency operations, Binance, one of the largest cryptocurrency exchanges by volume…

‎The Central Bank of Nigeria on Friday directed Deposit Money Banks to close the naira accounts of International Money Transfer Operators. The CBN issued the directive in a circular tilted ‘Receipt of diaspora remittances:…

‎An economic expert, Mr Bismarck Rewane, has warned that the naira could depreciate to depreciate to 470-475 against the dollar in the parallel market by November and December‎ if oil prices stay at $40-$42 per barrel.‎ Rewane…

Despite the commencement of forex sale to Bureau De Change by the Central Bank of Nigeria, the value of the naira has plunged further as it exchanged at 465/$ on the parallel market on Monday, after it exchanged at 460/$ on Thursday. It…

Despite the resumption of for. Sales to the Bureau de Change operators by the Central Bank of Nigeria (CBN), the Naira continued its free fall on Tuesday, exchanging at N460 to a dollar in the parallel market. It had earlier…