central bank of Nigeria

Bill to prohibit foreign currency use in Nigeria passes first reading in Senate

Bill to prohibit foreign currency use in Nigeria passes first reading in Senate

The Senate has initiated a move to restore Nigeria’s monetary sovereignty by prohibiting the use of foreign currencies for payments…

5 days ago

Naira crashes to N1,540/$ at official rate

The naira weakened against the dollar on Friday in the foreign exchange market, ending the week on a downward trend.…

1 week ago

Naira appreciates against dollar in official, parallel markets

The naira appreciated against the dollar in both the official and parallel foreign exchange markets on Thursday. According to data…

1 week ago

Naira Appreciates Against Dollar 24 Hours After Decline

The Naira has regained value against the US dollar in the official foreign exchange market, just 24 hours after experiencing…

2 weeks ago

Naira slumps against dollar after streak of appreciation

The naira settled at N1,538.50 per dollar in the foreign exchange market on Monday, marking its first depreciation after a…

2 weeks ago

Naira depreciates by N3.5 against dollar amid CBN’s new forex system

The naira settled at N1,538.50 per dollar in the foreign exchange market on Monday, marking its first depreciation after a…

2 weeks ago

Naira appreciates by N15.97 as FX supply increases

The naira saw a significant appreciation against the dollar on Thursday, driven by an increase in foreign exchange supply. According…

3 weeks ago

Naira appreciates on both official, black markets after CBN raises interest rate

The naira gained strength against the dollar in the foreign exchange market following the Central Bank of Nigeria's recent interest…

4 weeks ago

CBN exposes fake SWIFT messages, issues warning

The Central Bank of Nigeria (CBN) has uncovered a new fraudulent scheme involving fake SWIFT messages and has warned Nigerians…

1 month ago