REWIND: CBN introduced the naira 50 years ago — N10 was highest denomination
On January 1, 1973, Nigeria gave birth to a new legal tender known as the naira. After breaking ties with the pound, the country introduced a new currency still in ...
Saturday, October 3, 2026
Tag: Naira
Nigeria’s exchange rate depreciates 23% to close 2022 at N735/$1 at black market
On the official Investor and Exporter window, Nigeria's exchange rate closed the year 2022 at an official rate of N461.5/$1. This represents a 5.7% drop in one year. The official ...
Naira Appreciates at Parallel Market on Better Inflow of Forex
On Tuesday, the Naira strengthened against the US dollar in the parallel market segment of the foreign exchange (forex) market. In the black market yesterday, the Nigerian currency was exchanged ...
How the naira affects the Nigerian stock market
The naira fluctuated between N444 and N446 to the dollar in the official market on Tuesday. However, the parallel market rate was N745 to the dollar. Many firms and investors ...
Naira Sells N730/$1 in Black Market, N748/$1 at P2P, N445.33/$1 at I&E
Normalcy appears to have returned to the Nigerian currency market, as the Naira continued to appreciate against the US dollar across the ecosystem. In the Investors and Exporters (I&E) segment ...
Naira Strengthens at P2P, Black Market, Weakens at I&E
The Naira ended the day mixed, strengthening against the US dollar in the Peer-to-Peer (P2P) and black market arms of the foreign exchange (forex) market but weakening in the Investors ...
Naira Gains at P2P, Weakens at I&E
On the week's last trading session, the Naira closed stronger against the US dollar at the Peer-to-Peer (P2P) window of the foreign exchange (FX) market, selling at N786/$1 compared to ...
Nigerian Currency Firms Against the US Dollar on the Black Market, P2P, and I&E
On Thursday, the Nigerian currency performed better than its US counterpart in various foreign exchange (FX) segments. According to Entrepreneurng, the Naira eased the forex demand pressures it faced yesterday ...
Naira Depreciates at P2P, I&E, Appreciates at Parallel Market
On Tuesday, November 22, the Naira depreciated against the Dollar in the Peer-to-Peer (P2P) and Investors and Exporters (I&E) segments of the foreign exchange (FX) market, but appreciated in the ...
Naira crashes to an all-time low of N1005/£ (Reactions)
After crossing the symbolic N1000 mark on the parallel market, the Nigerian currency, the naira, has crashed to a historic low against the British Pound. According to a tracker seen ...
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