The naira strengthened against the US dollar at the Central Bank of Nigeria (CBN) foreign exchange market as the country’s
The International Monetary Fund has warned that the growing adoption of U.S. dollar-backed stablecoins in Nigeria could reduce demand for
The naira gained ground in the Nigerian Autonomous Foreign Exchange Market (NAFEM), closing at N1,362.16/$ on June 8, up from
Nigeria’s gross external reserves have climbed above the $50 billion mark, driven by sustained foreign exchange inflows from oil exports,
The Naira posted a marginal gain against the United States Dollar at the official foreign exchange market on Friday closing
The naira posted a modest appreciation at the official foreign exchange market on June 1, while rates in the parallel
The Naira recorded mixed movements across the official and parallel foreign exchange markets on Tuesday, as fresh data showed a
Daily card-payment FX rates from GTBank and Stanbic IBTC show a sharp rise in retail dollar pricing in late April
The Nigerian naira recorded a marginal depreciation against the United States dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM)
Nigeria’s naira traded mixed across foreign exchange markets on Tuesday, with the currency weakening to ₦1,383/$1at the official window while
The Nigerian naira recorded a mild depreciation at the official market, while remaining unchanged across key parallel market segments, reflecting
Nigeria’s banks are signalling a new phase of stability in FX pricing, with international card rates now converging around the
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