Currencies
Nigeria's daily parallel market exchange rate tracker
CBN says foreign currency deposit by banks reduced significantly in 2020Â
The Central Bank of Nigeria (CBN) stated that it recorded a significant reduction in foreign exchange deposits by Deposit Money...
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CBN recorded N2.9 trillion currency in circulation in 2020Â
The Central Bank of Nigeria recorded about N2.907 trillion currency in circulation in the economy as at end-December 2020. This...
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Naira appreciates at official market despite drop in forex turnover
Friday, 5th November 2021: The exchange rate between the Naira and the US dollar closed at N414.30/$1, at the official...
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CBN says circulation of fake currency dropped by 20.8% in 2020
The Central Bank of Nigeria (CBN) has said that the volume of counterfeit currency in circulation dropped from 84,934 pieces...
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CBN disposed N698,480.00 million worth of unfit banknotes in 2020
The Central Bank of Nigeria has stated that it disposed of N698,480.00 million worth of unfit banknotes in 2020. This...
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Exchange rate depreciates as forex turnover records marginal drop
Thursday, 4th November 2021: The exchange rate between the naira and the US dollar closed at N415.1/$1, at the official...
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CBN reduces the cost of printing banknotes by over N16 million, a 28.8% decline
The Central bank of Nigeria reduced the cost of printing banknotes in 2020 by ₦16.905 million, showing a 28.8% decline....
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CBN discovered N56.83 million worth of counterfeit notes in 2020
The Central Bank of Nigeria (CBN) has revealed that it discovered counterfeit notes with a nominal value of N56.83 million...
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Naira under threat as US FED announces tapering
....We explain why this could lead to another exchange rate adjustment and the inherent opportunities. So the Federal Reserve Bank...
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Nigeria’s foreign reserve maintains bullish pace with gains of over $5 billion in October, 2021
Nigeria's foreign (external) reserve rose in the immediate past month of October, recording a boost of $5,037,825,197 as at 29th...
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