naira

The CBN sells $20,000 to each BDC at ₦1,450 per dollar to facilitate invisible transactions, aiming to stabilize the foreign exchange market and ease naira pressure

Once more, the Nigerian naira has taken a significant hit, dropping at the official market to trade at N1234. This latest tumble has raised concerns among investors and stakeholders in …

The Nigerian naira has staged a remarkable recovery against the US dollar in the past week, thanks to a series of policy measures by the Central Bank of Nigeria (CBN) …

Nigeria’s currency, the naira, has lost nearly 40 percent of its value against the US dollar in the past three months, sparking fears of more economic woes and job losses …

Nigeria’s manufacturing sector faces a bleak outlook for 2024 as the persistent instability of the naira and the rising cost of production hamper its growth prospects. Experts warn that unless …

The Nigerian naira started the year 2024 on a dismal note, losing 8.23 percent of its value against the US dollar at the official market on Tuesday. According to data …

Nigeria’s central bank has postponed a meeting of its monetary policy committee (MPC) for the second time since Governor Olayemi Cardoso was nominated to the post in September, raising concerns …

Nigeria, Africa’s largest economy, is attracting foreign investors again after its currency, the naira, rallied below 1,000 per dollar on the parallel market. The naira has appreciated from as low …

Nigeria, Africa’s largest economy, plans to automate all foreign exchange (FX) transactions to prevent arbitrage and speculation on the country’s naira. The move is part of the government’s efforts to …

Nigeria’s naira currency has fallen to a new low of N1040 per dollar in the parallel market, where most Nigerians buy and sell foreign exchange. This is according to a …