Currencies

Why Nigeria’s external reserves is at a 6-year high

September 29, 2025

Naira strengthens to N1,480/$1, best performance in nine months

September 27, 2025

BUA’s Abdul Samad predicts naira recovery to N1,300/$ in 2025

September 25, 2025

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Currencies

Nigeria's daily parallel market exchange rate tracker

SCOOP: CBN supplies mutilated N50 notes to banks, contributing to sustained cash scarcity

MPC Meeting: What to expect from Emefiele; forex, eNaira, Crypto, FBNH

by Analysts Nairametrics

November 22, 2021

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to meet this week, on the...

Naira and dollar held by in the hand of a person

Naira gains at official market despite significant drop in forex liquidity

by Samuel Oyekanmi

November 19, 2021

Thursday, 18th November 2021: The exchange rate between the naira and the US dollar closed at N414.8/$1, at the official...

CITN says eNaira would reduce tax evasion

November 18, 2021

The Chartered Institute of Taxation of Nigeria has projected that the introduction of the eNaira into the Nigerian economy will...

Naira maintains stability at official market as forex turnover surged by over 300%

by Samuel Oyekanmi

November 18, 2021

Wednesday, 17th November 2021: The exchange rate between the naira and the US dollar closed at N415.1/$1, at the Investors...

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

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

by Samuel Oyekanmi

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

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

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