Currencies

Naira opens at N1560/$, dollar stable after Friday’s crash

August 4, 2025

Naira sinks in black market, U.S dollar posts best month in 2025

August 1, 2025

Forex traders cite excess dollar supply, security enforcement as reasons for massive naira gains 

July 30, 2025

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Nigeria's daily parallel market exchange rate tracker

CBN directs banks to publish names of foreign exchange defaulters

August 31, 2021

All commercial banks have been ordered by the Central Bank of Nigeria (CBN) to publish on their websites, the names...

CBN forex restrictions on food itemsCBN approves new cheque standard for banks, Banks complex documentation makes it harder to access foreign exchange for Nigerians

Exclusive: Digital Currency partner, Bitt Inc to register in Nigeria, CBN to own stake

August 31, 2021

Nigeria’s Central Bank plans to own a stake in Bitt Inc., the preferred partner helping the apex bank implement its...

Naira and dollar held by in the hand of a person

Naira falls to record low at black market as dollar supply drops significantly by 62%

by Chike Olisah

August 31, 2021

Monday, 30th August 2021:  The exchange rate between the naira and the US dollar closed at N411.63/$1 at the Investors and...

CBN partners global fintech company for e-Naira

The Central Bank of Nigeria (CBN) has announced that Bitt Inc., an international fintech firm, has been appointed as the...

CBN-BDC Scuffle: BDCs switch to P2P exchange as alternative sources of forex after CBN ban

It’s been almost a month since the Central Bank of Nigeria stopped the sale of forex to Bureau De Change...

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

Naira falls sharply across forex markets despite 32% increase in dollar supply

by Chike Olisah

Friday, 27th August 2021:  The exchange rate between the naira and the US dollar closed at N412/$1 at the Investors...

e-Naira: CBN sets N50,000 maximum transfer limits for non-account holders

by Olumide Adesina

The detailed presentation sent to Nigerian banks on the e-Naira project mentioned that it will have a transaction limit for...

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

CBN drafts guidelines to Nigerian banks on e-Naira

by Olumide Adesina

August 29, 2021

The CBN recently sent a presentation to Nigerian banks about the eNaira project, revealing more details about its design and...