The Nigerian official currency, Naira has fallen against dollar for the first time in February 2022 the new year, after maintaining N570/per $1 at the black market since January 20, 2022. This…
Tag: Naira
Breaking: Naira depreciates by 2.8% at parallel market
The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators in Lagos told TheCable on Friday that the naira exchanged…
Naira Appreciates At Official Market As Nigeria’s External Reserve Bounces Back
The exchange rate between the Naira and the US dollar closed at N414.30/$1, at the official Investors and Exporters window. The Naira appreciated against the US dollar to close at N414.30/$1 on…
Cryptocurrency: Luno resumes naira deposit, withdrawal for Nigerians
Nigerians trading cryptocurrency on Luno will be able to deposit and withdraw in local currency from November, the trading platform said on Monday. “We’re thrilled to announce that deposits and…
Naira tumbles to record low at official market as dollar supply drops by 54%
Thursday, 14th October 2021: The exchange rate between the naira and the US dollar closed at N422.07/$1, at the Investors and Exporters window, where forex is traded officially. Naira depreciated significantly against…
Naira loses further at official market
Naira fell marginally against the U.S. dollar at the official market on Wednesday, as foreign exchange supply increased significantly from what was recorded in the previous session on Tuesday. Data from FMDQ…
Police Arrest Fraudsters Circulating Fake Naira Notes
The Katsina State Police Command has paraded three alleged fraudsters for circulating fake nira note in the state. The state’s Police Public Relations Officer, SP. Gambo Isah in…
Here’s How We Can Save The Naira From Hitting 1,000 Per Dollar?
By Mayowa Tijani In the past few weeks, I have written extensively about the naira and Nigeria’s foreign exchange regime. As a result, I have got quite a lot of feedback from…
CBN To Shut Down Aboki FX Website Over Naira Crash
The Central Bank of Nigeria has said that it will shut down the operations of Aboki FX, a provider of currency exchange information, which the bank described as an illegal and criminal…
Domiciliary: No plan to convert currencies — CBN reveals
The Central Bank of Nigeria (CBN) has said it has no plan to convert foreign currencies in the domiciliary accounts of bank customers. The Director of Corporate Communications, Mr. Osita Nwasinobi, said…