Currencies

Naira is overvalued by 30% against the dollar – Report

Naira is gaining strength in 2025: Here is why

Naira strengthens to N1,455/$ in 2025, signals market stability

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Nigeria's daily parallel market exchange rate tracker

IMF reveals steps it can take to help with success of eNaira

by Chike Olisah

The International Monetary Fund (IMF) has revealed steps that it would take to assist Nigeria with the successful operation of...

IMF projects that 90% of Nigerians would use eNaira

by Ubah Jeremiah Ifeanyi

According to the International Monetary Fund (IMF), enabling the unbanked with mobile phones access to the eNaira will result in...

Why President Tinubu’s plan to unify the naira will be a long, arduous process

Naira remains flat for the third day in a row as crypto investors lose over $150 billion

Tuesday, 16th November 2021: The exchange rate between the naira and the US dollar closed at N415.1/$1, at the Investors...

Very few nations permitted to issue their Crypto - IMF, International Monetary Fund IMF,Nigeria’s GDP forecast for 2020 to drop - IMF

IMF warns that eNaira may reduce demand for deposits in commercial banks

by Ubah Jeremiah Ifeanyi

The International Monetary Fund (IMF) has warned that the eNaira wallet may reduce "demand for deposits in commercial banks.” This...

Naira and dollar held by in the hand of a person

Why Naira is gaining against US dollar at the black market 

by Analysts Nairametrics

Naira strengthened against the US dollar last week to a 2-month high of N535/$1 at the black market, thereby reducing...

Exclusive: Why CBN postponed the launch of eNaira

Cryptos

Amid crypto crackdown, CBN’s eNaira attracts 78,000 merchants from more than 160 countries

by Ubah Jeremiah Ifeanyi

November 16, 2021

As the Central Bank of Nigeria (CBN) tightens its grip on cryptocurrency-related transactions, the eNaira continues to lure individuals, with...

Exchange rate closes flat as forex liquidity improves significantly

November 16, 2021

Monday, 15th November 2021: The exchange rate between the naira and the US dollar closed at N415.1/$1, at the Investors...

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

Naira falls at official window despite slight improvement in FX liquidity

November 15, 2021

Friday, 12th November 2021: The exchange rate between the naira and the US dollar closed at N415.1/$1, at the Investors...

Naira gets stronger as traders record $9.5 billion turnover at official forex window since September

November 15, 2021

The Investor and Exporter Window where forex is sold officially has recorded a cumulative turnover of $9.5 billion over the...

Exchange rate closes flat at official market as forex turnover records significant drop