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… Read More
In an attempt to contain exchange rate volatility, the Central Bank of Nigeria (CBN) launched a daring foreign exchange (FX)… Read More
The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the… Read More
By early 2025, Nigeria’s long-beleaguered currency has staged an unlikely comeback. The naira, following two brutal devaluations, is now among… Read More
On Wednesday, the Nigerian Naira depreciated, to ₦1,585 per dollar in the parallel market, down from ₦1,565 the previous day.… Read More
The Nigerian naira has experienced a significant depreciation in the black market, reaching a rate of N1,550 per U.S. dollar… Read More
Nigeria's naira has staged an impressive recovery in recent weeks, rebounding from a historic low of N1,900 per US dollar… Read More
Bureau De Change (BDC) operators in Nigeria are finding it increasingly difficult to buy foreign exchange from commercial banks, as… Read More
Oil prices bounced back in early trading on Monday, buoyed by positive manufacturing data from China that raised hopes about… Read More
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the… Read More