Naira retains closing rate of N464.67/$1 at official market on 5th June 2023
The highest rate during the intra-day trading at the IEFX exchange market closed at N467/$1 on Monday 5th June 2023.
Tag: Naira
Strong US dollar hurts naira despite efforts unifying exchange rate
The Nigerian Naira has been in the spotlight for the past few days after reports of plans to unify multiple ...
Naira gains N20/$ on Binance within a week as USDT reacts to Tinubu’s economic reforms
The naira currency gained one naira against the US dollar and settled at 758 naira/dollar against last week's high of ...
Why Nigerian youths use USDT to hedge against naira
Nigeria's strong appetite for the US dollar is fueling its growing interest in crypto assets, particularly stablecoins like Tether (USDT)
Why the naira lost N35/$1 on P2P trading in 10 days
The Nigerian naira has fallen on Binance's P2P trading platform due to the country's deteriorating economy and drop in FDI.
CBN breaks silence on Supreme Court order, accepts December 31 deadline for old naira notes
The Central Bank of Nigeria has finally broken its silence on the controversy over the naira redesign policy as it ...
Governor El-Rufai says Emefiele introduced naira redesign policy to help PDP win 2023 elections Â
The Kaduna State Governor, Nasir El-Rufai, has said that the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, introduced the ...
CBN says President did not order release of old N500 and N1000 notesÂ
The Central Bank of Nigeria (CBN) has reacted to reports that President Muhammadu Buhari authorized the reissuance of old N500 ...
Naira swap: FG says it would obey Supreme Court ruling suspending CBN’s February 10 deadline
The Federal Government has said it would obey the Supreme Court ruling that temporarily suspended the February 10 deadline given ...
Traders explain why the exchange rate fell to N745/$1 on the 9th of January 2023
We interviewed traders to get their views on why the exchange rate depreciated on the first working Monday of the ...
