Naira down to N1,570/$ in parallel market
Today, the Naira fell to N1,570 per dollar on the parallel market, down from N1,560 per dollar on Tuesday. However, the Naira rose to N1,513 per dollar on the Nigerian Foreign ...
Monday, September 15, 2025
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CBN falsely claimed Binance made $26bn leave Nigeria – Gambaryan
Tigran Gambaryan, Binance's Head of Financial Crime Compliance, has denied the Central Bank of Nigeria's (CBN) assertions about an alleged $26 billion outflow through the cryptocurrency exchange. Gambaryan and his ...
Naira appreciates to N1,560/$ in parallel market
Today, the naira strengthened to N1,560 per dollar in the parallel market, up from N1,590 per dollar on Thursday.However, the naira fell to N1,502.5 per dollar in the Nigerian Foreign ...
Naira Strengthens Against Dollar in Black Market Trading
In the parallel market, Nigerian Naira has shown a pattern of gaining compared to the US dollar. As of February 8, 2025, the Naira strengthened from ₦1,570 on Thursday to ...
CBN to Revoke Licenses of Banks, Limits BDCs to $25,000 Weekly
The Central Bank of Nigeria (CBN) has issued a stern warning that it will suspend the licenses of any Bureau de Change (BDC) operators or Authorised Dealer Banks found violating ...
PETROAN Alleges Diversion of 500,000 BPD by Crude Producers Meant for Local Refineries
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed worry that oil producers are diverting roughly 500,000 barrels of crude oil per day that were initially intended ...
Naira appreciates to N1,610/$ in parallel market as weak demand persist
The Naira rose more in the parallel market yesterday to N1,610 per dollar, up from N1,615 per dollar last Friday, as sluggish dollar demand persisted. However, the Naira fell to ...
Investments in Mutual Funds rise 80.8% to N4.1trn
Nigerian investors' desire for mutual funds has grown, with total assets under administration increasing by 80.8% Year on Year (YoY) to N4.1 trillion on January 24, 2025, up from N2.3 ...
Naira rises to N1,493/$ in official market
The official foreign currency market saw the Naira rise to N1,493 per unit yesterday. The Central Bank of Nigeria (CBN) said that the exchange rate for the Nigerian Foreign Exchange ...
Naira appreciates to N1,640/$ in parallel market
The Naira rose to N1,640 per dollar in the parallel market today from N1,655 per dollar on Monday. Similarly, the Naira rose to N1,526.3 per dollar on the official foreign ...
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