Tag: Naira

The Central Bank of Nigeria (CBN) has increased the exchange rate for paying Customs duties at the nation’s seaports by 11.1 percent in response to the devaluation of the naira ...

Trade and investment experts have urged the federal government to prioritize maintaining stability in the foreign exchange market to encourage significant investments in the country. This call was made during ...

Nigeria's official exchange rate dropped to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024, according to data from the FMDQ, the official trading platform for foreign exchange. This ...

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange. ...

The Central Bank of Nigeria (CBN) has proactively addressed currency fluctuations and met essential foreign exchange demands by issuing a circular to Bureau De Change (BDC) operators. This circular announces ...

Yemi Cardoso, the Central Bank Governor, proudly announced that the Naira has secured the title of the best-performing currency globally as of April 2024. This notable achievement stems from a ...

Yesterday, the Naira strengthened to N1,060 per dollar on the parallel market, up from N1,105 per dollar on Wednesday. However, it fell to N1,154.08 per dollar on the Nigerian Foreign ...

At the ongoing Global Trade Review West Africa, experts delved into the reasons behind the absence of price reductions despite the recent strengthening of the naira in the FX market. ...

The naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at the official market and N1,050/$ at the parallel market at the close of trading activities on ...

The official exchange rate between the Naira and the Dollar witnessed a notable increase of 7.7% on Friday, closing the week at N1,142/$1. This closing rate marks the highest level ...