Currencies

Naira gains for three straight days in official market but UK Pounds falls to N2,155

May 22, 2025

Naira appreciates to N1,625/$1 in parallel market, N1,588.50/$1 at official

May 21, 2025

Currency volatility now below 0.5% as FX market stabilises – Cardoso

May 20, 2025

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Currencies

Nigeria's daily parallel market exchange rate tracker

Why President Tinubu’s plan to unify the naira will be a long, arduous process

Naira falls to new record low at parallel market despite increase in forex liquidity

September 2, 2021

Wednesday, 1st September 2021:  The exchange rate between the naira and the US dollar closed at N411.50/$1 at the Investors and...

What you should know about Bitt Inc, CBN’s digital currency partner

September 1, 2021

On Monday, August 30th the Central Bank of Nigeria announced it had selected Bitt as the technical partner for its...

Naira gains at forex markets as external reserves increase by $533 million in 4 days

September 1, 2021

Tuesday, 31st August 2021:  The exchange rate between the naira and the US dollar closed at N411.08/$1 at the Investors and...

CBN set to launch digital currency, appoints technical partner for project

The Central Bank of Nigeria (CBN) has intensified its efforts towards the introduction of a digital currency as it has...

CBN directs banks to publish names of foreign exchange defaulters

All commercial banks have been ordered by the Central Bank of Nigeria (CBN) to publish on their websites, the names...

CBN forex restrictions on food itemsCBN approves new cheque standard for banks, Banks complex documentation makes it harder to access foreign exchange for Nigerians

Exclusive: Digital Currency partner, Bitt Inc to register in Nigeria, CBN to own stake

Nigeria’s Central Bank plans to own a stake in Bitt Inc., the preferred partner helping the apex bank implement its...

Naira and dollar held by in the hand of a person

Naira falls to record low at black market as dollar supply drops significantly by 62%

Monday, 30th August 2021:  The exchange rate between the naira and the US dollar closed at N411.63/$1 at the Investors and...

CBN partners global fintech company for e-Naira

August 30, 2021

The Central Bank of Nigeria (CBN) has announced that Bitt Inc., an international fintech firm, has been appointed as the...

CBN-BDC Scuffle: BDCs switch to P2P exchange as alternative sources of forex after CBN ban

August 30, 2021

It’s been almost a month since the Central Bank of Nigeria stopped the sale of forex to Bureau De Change...

Naira falls sharply across forex markets despite 32% increase in dollar supply