President Bola Ahmed Tinubu says Nigerians can now use the Naira Card for payments abroad, a move he says shows…
Browsing: Naira
On Friday, the naira has fallen against the United States dollar at the official foreign exchange market, closing the week…
The Central Bank of Nigeria (CBN) has warned that careless handling of naira notes is pushing up the cost of…
The naira recorded a marginal appreciation against the US dollar at the official foreign exchange market on Friday, closing the…
The Central Bank of Nigeria (CBN) injected $4.1 billion into the foreign exchange market in the first half of 2025,…
Several Nigerian commercial banks have resumed international transactions on Naira-denominated debit cards, nearly three years after suspending the service due…
The naira recorded a marginal gain against the US dollar on Wednesday, appreciating to ₦1,615/$1 in the parallel market, up…
The Naira continued its downward trend, depreciating to N1,585 per dollar in the parallel market on Wednesday, compared to N1,565…
Exchange rate gap widens as volatility persists The Naira weakened further in the parallel market on Monday, trading at ₦1,510…
Market Transparency and Policy Adjustments Ease FX Volatility The Central Bank of Nigeria (CBN) has made significant strides in stabilizing…
Parallel Market and Official Exchange Rates Show Marginal Gains The Naira saw a modest appreciation against the U.S. dollar on…
– Black Market Rates Hit ₦1,510 Per Dollar – Economic Pressures Drive Unstable Currency Trends The exchange rate between the…
Apex Bank Cracks Down on Cash Hoarding by DMBs Tougher Sanctions Loom for Non-Compliance with Cash Circulation Policies CBN Penalizes…
Parallel market exchange rate improves to N1,650 per dollar. Official market sees Naira depreciation, narrowing rate disparity to N112. The…
Sets N100,000 daily cash-out limit for PoS operators Principals to bear liability for agent non-compliance The Central Bank of Nigeria…
Customers Struggle with Reduced ATM Limits and Over-the-Counter Transactions Nationwide The persistent cash shortage in Nigeria shows no signs…
The Naira experienced contrasting movements in the foreign exchange market yesterday. In the parallel market, it depreciated to N1,668 per…
Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), has attributed the stability of Nigeria’s exchange…
The Naira appreciated yesterday in the parallel market, climbing to N1,725 per dollar from last Friday’s rate of N1,735. However,…
The naira continued its downward spiral against the dollar at the foreign exchange market following another round of fuel price…