CBN Facilitates $600 Million Remittance via IMTOs in One Year – Cardoso
The Central Bank of Nigeria (CBN) facilitated the transfer of around $600 million through International Money Transfer Operators (IMTOs) over...
FG Allows Petroleum Marketers to Purchase Petrol Directly from Refineries, Bypassing NNPCL
The Federal Government has granted petroleum marketers permission to directly source petrol from local refineries, eliminating the Nigerian National Petroleum...
Naira Depreciates Slightly Against Dollar Ahead of Nigeria’s 64th Independence Day
The naira experienced a slight depreciation against the U.S. dollar on Monday, closing at N1541.94 per dollar at the official...
Today’s Dollar Exchange Rate in Nigeria: 1 USD = ₦1520.813 (See Full Rates)
The US dollar to Naira exchange rate has experienced a notable decrease today, July 8, 2024, with 1 USD now...
Naira Appreciates Against Dollar in Parallel and Official Markets
The Naira saw a boost in value on Friday, rising to N1,530 per dollar in the parallel market from its...
Naira Appreciates Further To N1,382/$ Amid CBN’s Efforts and Warning to Speculators
On Thursday, the Nigerian naira saw a steady rise in its value against the US dollar, appreciating by N18 to...
Naira Strengthens To N780/$ In Official Market
In a significant turn of events, the Nigerian Naira exhibited signs of strength on Friday as it closed at N780.14...
Naira Plunges To New Lows, Trades At N996/$ In Official Market
In a startling development, the Nigerian naira witnessed a significant depreciation of 13.95 percent, closing at N996 per US dollar...
CBN Says No Plans For Naira Redenomination
In a recent development, the Central Bank of Nigeria (CBN) has categorically denied rumors of plans to redenominate the Nigerian...
Naira Falls To New Low, Trades At N1,040/$ In Parallel Market
In a disheartening turn of events, the Nigerian naira has hit an all-time low in the parallel market, casting a...
Nigerian Naira Among Worst-Performing Currencies In Africa – World Bank
In a recent report published by the World Bank, Nigeria’s national currency, the naira, has been labeled one of the...
Naira Weakens Against Dollar as Forex Market Sees Volatility
In a rather gloomy commencement to the week, the Nigerian Naira experienced a decline against the US Dollar at the...
FX Rates Converge Across Markets As Naira Trades For N770/$
The President Bola Ahmed Tinubu administration's plan to unify exchange rates across the forex markets yielded positive results on Monday.
CBN Devalues Naira As Currency Exchanges For N630/$
The Central Bank of Nigeria has devalued the naira as the currency traded for N630 a dollar at the Investors & Exporters window on Thursday.
Naira Gains At Official Market, Crashes At P2P, Black Market
The value of the naira rose by 0.11% at the Investors & Exporters window of the foreign exchange market on Tuesday, OduNews reports.
Naira Hits N750/$ At P2P, N463 At Official Market
The naira exchanged for N750 against the dollar at the peer-to-peer market segment while trading for N463.44 at the Investors & Exporters window.
Naira Exchanges For N736/$ At Black Market
The value of the naira slightly appreciated against the dollar in the different segments of the foreign exchange market on Tuesday.
Naira Waxes Stronger At Parallel, P2P, I&E FX Markets
The value of the naira appreciated against the dollar across the foreign exchange markets, OduNews reports.
Naira Falls To N760 Per Dollar At Black Market Despite Scarcity
As Nigerians continue to face the brunts of the rushed-up naira redesign policy, the naira fell to N760 against the dollar at the black market on Friday.
Naira Rises To N461 Per Dollar At Official Market
The value of the naira rose to N461.17 per dollar in the Investors and Exporters segment of the foreign exchange market, OduNews reports.