Currencies

One year after the CBN effectively criminalized AbokiFX's actions and accused it of "economic sabotage", the Naira has lost 25%...

First Bank of Nigeria has informed its customers that the Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) will...

The Central Bank of Nigeria sold $4.86 billion worth of foreign exchange to authorities dealers in the first quarter of...

As Nigeria’s inflation outpaces the income from Naira-denominated investments, savers are losing money in real terms.

Nigeria expects its local currency, the Naira, to weaken further over time even after it showed signs of recovering from...

A bleak economic outlook and the most recent surge in the value of the US dollar have caused the pound...

The gap between the official and black market rates has widened to a whopping N271, owing to the huge depreciation...

The Naira, Nigeria’s currency ranks 11th worst-performing currency against the US dollar, according to Hanke's Currency Watchlist.

The Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once again.

The CBN has unveiled the USSD code for its eNaira, indicating that Nigerians without internet-enabled phones can now use eNaira...