The Central Bank of Nigeria (CBN) has categorically dismissed reports claiming an extension of the Bureau De Change (BDC) recapitalisation
The naira appreciated to N1,565/$1 in the official market on Wednesday, marking a 0.8% gain from Tuesday’s rate of N1,579/$1,
The Nigerian Exchange (NGX) closed Thursday’s session on a negative note, with the All-Share Index (ASI) declining by 0.07% to
The Nigerian naira weakened to N1,583 per US dollar on Monday at the official market, down from N1,579 per dollar
The Nigerian Naira extended its gains against the U.S. Dollar on Wednesday, appreciating by 0.21% to close at N1,596.70 per
The naira lost value against the dollar at both official and parallel foreign exchange markets on Wednesday, for the first
The Nigerian naira fell against the U.S. dollar at the official market, closing at N1,604.00/$1 on Tuesday, down from N1,599.00/$1
In an attempt to contain exchange rate volatility, the Central Bank of Nigeria (CBN) launched a daring foreign exchange (FX)
The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the
By early 2025, Nigeria’s long-beleaguered currency has staged an unlikely comeback. The naira, following two brutal devaluations, is now among
Nigeria today stands at an economic crossroads, not unlike Brazil in the mid-1990s or India in the early 2000s. Both
On Wednesday, the Nigerian Naira depreciated, to ₦1,585 per dollar in the parallel market, down from ₦1,565 the previous day.
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