CBN warns banks, FX dealers against rejecting old, lower dollar bill denominations in Nigeria
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) and authorized forex dealers, ...
Tag: Dollar
Nigeria’s $91 billion debt, the best-case scenario to avoiding a blow up – By Kalu Aja
A review Nigeria's Q1 2024 debt portfolio, noting decreased total debt but rising costs due to higher interest rates.
Naira hits June low amid stronger dollar
The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing ...
Naira sustains N1500/$ bandwidth at black market
The naira maintained the N1500 bandwidth against the dollar at the parallel market, while the U.S. dollar index broke higher ...
Naira approaches N1500/$ border line as dollar index surged by 80 basis point
Naira posted significant losses against the haven currency at the last reading session of the week as investors increased their ...
Naira stays flat at N1,476.95/$1 on official market as FX turnover nearly doubles
The naira has shown some form of stability against the US dollar on the NAFEM window, closing at N1,476.95/$1 on ...
FX turnover crashes by 42.92% on first trading day in June
The Nigerian official foreign exchange (FX) market witnessed a significant downturn in turnover, crashing by 42.92% on Monday, June 3, ...
Naira drops 5.6% against dollar in May in official market
The Nigerian currency ended the month weaker, despite a monthly decline in the dollar index.
Naira holds N1500/$ line amid EFCC clampdown on street trading
The naira held its ground on the unofficial market, appreciating against the dollar on the parallel market as the dollar ...
Naira breaks key resistance amid improved dollar supply, weak inflation readings
The naira clawed back some of its losses against the dollar amid prospects for rate cuts in the world's largest ...
