Currencies

Nigerian banks flood CBN with over N1.6 trillion excess cash as liquidity surges

October 17, 2025

Nigeria’s FX market turnover surges 56% amid reforms – CBN

October 16, 2025

Naira strengthens below N1,950/£ against British pound

October 15, 2025

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Nigeria's daily parallel market exchange rate tracker

CBN says eNaira will help Nigeria tackle financial crimes if embraced

eNaira casts a dark cloud over West Africa’s single currency, Eco

January 11, 2022

The launch of Africa's first digital currency, eNaira, has cast some doubt of hope on West Africa's single currency. According...

Naira closes at a record low of N409/$1 at NAFEX

Naira depreciates at official window as foreign reserve records marginal gain

January 7, 2022

Thursday, 6th January 2022: The exchange rate between the naira and the US dollar at the official Investors and Exporters...

Naira falls to N415/$1 at official market as Vice President expressed concerns over forex policy

Naira falls at P2P market despite gains recorded at official window

January 6, 2022

Wednesday, 5th January 2022: The exchange rate between the naira and the US dollar at the official Investors and Exporters...

Amid CBN probe of FX defaulters, sales of FX to banks fall to $1.65 billion in August 2021

January 6, 2022

The Central Bank of Nigeria's total foreign exchange sales to authorised dealers (deposit money banks) declined to $1.65 billion in...

Foreign portfolio investments in Nigeria drops by 77.4% in Q1 2021

FOREX inflow into Nigeria surges by 64% to $30 billion in Q3 2021

January 6, 2022

The amount of foreign exchange that came into Nigeria in Q3 2021, skyrocketed by 64% to $30.18 billion compared to...

Exchange rate starts the year with gains at official window despite drop in liquidity

January 5, 2022

Tuesday, 4th January 2022: The exchange rate between the naira and the US dollar at the official Investors and Exporters...

People’s Bank of China intensifies crypto crackdown as Chinese CBDC progresses

China launches app for its own digital currency, e-CNY

January 5, 2022

In an effort to broaden the use of the digital yuan, China's central bank has launched a test version of...

eNaira website goes live days ahead of October 1 launch

eNaira is popular in Borno, Sokoto, Gombe, but Lagos misses out of top 20 spot

by Olumide Adesina

January 3, 2022

eNaira, the recently introduced digital currency of the Central Bank of Nigeria, is rapidly gaining acceptance, especially in the northern...

BDC operators urge the CBN to reconsider forex ban

January 3, 2022

The Association of Bureaux De Change Operators of Nigeria (ABCON), has urged the CBN to reconsider the ban to allow...