Tag: Naira

The Central Bank of Nigeria (CBN) has once again adjusted the exchange rate, this time to N1,413.62/$1, causing a stir among various stakeholders. Just a day prior, the exchange rate ...

The Central Bank of Nigeria (CBN) has issued new restrictions on the amount of foreign currencies that banks can hold on their balance sheets, citing concerns about the growing forex ...

The Nigerian Naira has reached an unprecedented low against the United States dollar in both official and unofficial markets. On Tuesday, naira has traded at N1,482.57 per $1 at the ...

The naira has witnessed a significant plunge at the official market, reaching an all-time low record of N1,099.05 per dollar at the Nigeria Autonomous Foreign Exchange Market (NAFEM) as at ...

The value of dollar to naira fell sharply, on Friday, with the local currency exchanging below N1000 in the parallel market. This is the first time in over a month ...

This report includes what is obtainable from 26th of September 2023. What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki ...

Naira has experienced another downward spiral, reaching an approximate value of N890 per US dollar at the parallel market. Earlier, the naira had exhibited some signs of improvement after a ...