The Central Bank of Nigeria (CBN) has issued a threat to penalise deposit money banks (DMBs) that refuse to accept mutilated naira notes. On Thursday, the...
Nigeria’s foreign exchange (FX) reserves have climbed to their highest level since March 28, 2024, marking a significant financial achievement that aligns with the longest stretch...
On Thursday, the Naira strengthened in the parallel market, appreciating to N1,485 per dollar from the previous day’s rate of N1,490 per dollar. Conversely, in the...
Over the Sallah holiday, the Naira experienced a modest appreciation in value, exchanging at a rate of N1480 to the US dollar in the parallel foreign...
The currency’s value in circulation risen to N3.97 trillion at the end of May, an all-time high and a 1.07 percent gain over the previous month....
The Nigerian legal tender, the naira, appreciated on Wednesday. It sold for N1,475 per dollar in the parallel market, down from N1,480 on Monday. However, the...
Yesterday, the naira further crashed to N1,485.99 per dollar on the Nigerian Autonomous Foreign Exchange Market, NAFEM. According to FMDQ data, the indicative exchange rate for...
