Currencies

Naira gains against Euro, trades at N1,715 amid France’s crisis

October 8, 2025

Naira records first dip in over one week, closes at N1,469/$1

October 3, 2025

Naira is overvalued by 30% against the dollar – Report

October 3, 2025

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Nigeria's daily parallel market exchange rate tracker

Corruption erodes the constituency for aid programmes and humanitarian relief - IMF

IMF says eNaira and other CBDCs are better than Bitcoin, altcoins

by Olumide Adesina

February 14, 2022

The IMF suggests central bank digital currencies (CBDCs) like eNaira are a better bet than cryptocurrencies including Bitcoins and other...

Experts paint grim picture of what could happen if CBN stops sale of forex to banks

by Ubah Jeremiah Ifeanyi

February 12, 2022

Experts explore the possibility of what could happen if the CBN stopped the sale of dollars to banks.

Digital Currency: Tanzania follows Nigeria’s lead, pushes for CBDC

Kenya set to adopt digital currency

by Zainab Iwayemi

The Central Bank of Kenya is currently considering the adoption of digital currency in the country.

Banks warn customers against violation of CBN forex directives

We are not stopping sale of FX to banks – CBN official

by Ubah Jeremiah Ifeanyi

A senior executive at the CBN has stated that the apex bank has no immediate plans to ban sale of...

Naira falls to N415/$1 at official market as Vice President expressed concerns over forex policy

Naira weakens at I&E window as $109.8 million exchange hands

by Samuel Oyekanmi

The exchange rate between the naira and the US dollar closed at N416.67/$1 at the Investors and Exporters (I&E) window,...

CBN to stop sale of foreign exchange to banks by end of 2022

by Chike Olisah

The CBN has indicated that it would discontinue the sale of foreign exchange to Deposit Money Banks by the end...

Redesigning or sensitizing; what's the way to go?

Circulars

CBN explains how diaspora remittances increased from $6 million to $100 million weekly

by Chike Olisah

The CBN has said that its FX policies especially the Naira4Dollar scheme has led to significant improvement in diaspora remittances.

CBN revokes licence of Eyowo, 46 other microfinance Banks

CBN unveils “RT200 FX programme” to attract $200 billion in FX repatriation

by Ubah Jeremiah Ifeanyi

The CBN has announced a programme that seeks to repatriate $200billion from non-oil exports over the next three to five...

The high cost of defending naira against the dollar

Jitters as Naira falls to 1-month low at parallel market

by Samuel Oyekanmi

The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window.

Cryptos

Bitcoin, Gold drop on U.S. dollar surge, eyes on U.S inflation data

by Olumide Adesina