Currencies

Ghana’s currency best performing globally, boosted by IMF aid, oil, and gold

June 2, 2025

Naira ends May mixed: Gains 1.28% in official market, dips 1.24% at parallel

June 2, 2025

Exchange rate plunges as Naira closes May at N1,630/$1 in parallel market after brief stability

June 1, 2025

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Currencies

Nigeria's daily parallel market exchange rate tracker

Exchange rate gains at NAFEX as external reserves loses almost $1 billion in less than a month

Fear rises over possible conversion of Dollars in domiciliary accounts into Naira

August 2, 2021

There is palpable concern that the CBN could consider converting dollars in domiciliary accounts of banks held on behalf of...

WorldRemit unveils USD payout option in Nigeria

We have dollars – Nigerian banks tell customers

by Suzanne Oyebola

August 2, 2021

Deposit money banks in the country have moved to implement the directive from the Central Bank of Nigeria (CBN) to...

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens

Naira gains at forex markets as dollar supply rises by 108.5% with drop in demand

by Chike Olisah

August 2, 2021

Friday, 30th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.44/$1 at the official Investors...

More details emerge about how CBN’s e-Naira would affect Nigerians

July 30, 2021

The Central bank has taken actions against crypto transactions, but embraced the fourth industrial revolution as Nigerian Central Bank Digital...

The Nigerian economy is increasingly dollarized but there is a way-out

CBN and Nigerian banks battle currency speculators

by Olumide Adesina

July 30, 2021

Currency speculators who profit from round-tripping and other currency manipulation practices are in trouble, as the Nigerian central bank and...

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

Exchange rate falls at official market as forex turnover drops by 83%

by Samuel Oyekanmi

July 30, 2021

Thursday, 29th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.67/$1 at the official...

The exchange rate would return to N423/$1- Bankers Committee

The Bankers Committee has assured Nigerians that the exchange rate will drop to around N423 to a dollar. The Committee...

CBN would refund pending BDC licence fees

CBN to refund pending BDC licence fees

The Central Bank of Nigeria (CBN) has announced the repayment of capital deposit and licencing fees to promoters who have...

Experts predict what to expect from the CBN 287 MPC meeting

CBN directs banks to set up teller points at branches for forex sales to customers

by Chike Olisah

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches...

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

CBN directs banks not to refuse any FX request with proper document, to sanction defaulters

by Abiola Odutola