The Federal Government on Monday said the naira redesign policy carried out by the Central Bank of Nigeria from December 15, 2022, to early February this...
The Central Bank of Nigeria has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the country. In...
Nigeria’s currency, the naira, depreciated against the US dollar at the foreign exchange market on Tuesday. Official data from FMDQ showed that the country’s currency exchanged...
The Central Bank of Nigeria has extended the validity of the old N200, N500 and N1,000 notes indefinitely . The apex bank’s Director, Corporate Communications, Isa...
The amount of dollars traded on the Investor & Exporter forex window rose by 46.69 per cent to $123.25m on Monday. On Friday, the turnover of...
The Central Bank of Nigeria (CBN) has assured the general public of the availability of sufficient stock of currency notes for economic activities in the country....
Against the backdrop of sustained rumors about the introduction of the Naira re-denomination by the current government, economy analysts and corporate chieftains have painted a discomforting...
The crises festering in Nigeria’s currency exchange market doubled down yesterday with the local currency depreciating further across all segments of the market. Vanguard’s monitor of...
The naira yesterday depreciated to N1,030 per dollar in the parallel market from N1,010 per dollar on Wednesday. However, the naira appreciated in the Investors and...
The exchange rate between the naira and the dollar has dropped to N1,040 in the parallel market. The ongoing trend of demand surpassing supply seems to...