Dollar

CBN increases exchange rate for cargo clearance to N1,605 per US dollar

In light of the ongoing foreign exchange crisis, the Central Bank of Nigeria increased the exchange rate for cargo clearance…

9 months ago

Again Naira depreciates against US Dollar as FX supply drops by 74% amid CBN interventions

At the end of business on Friday, the value of the Naira relative to the US dollar had drastically decreased.…

9 months ago

Naira: Dollar supply surge by 180 per cent at forex market over CBN intervention

US dollar supply at the official foreign exchange market jumped last Friday, reaching 180.59 percent to $440.13 million as commercial…

10 months ago

CBN speaks on conversion of $30bn domiciliary deposits to naira

The proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank…

10 months ago

Naira appreciates against US Dollar amid CBN intervention

At the end of January 2024, the Naira saw a slight increase against the US dollar on the official foreign…

10 months ago

Naira hits historic low, tumbles massively against US dollar at forex market

On Monday, the Naira hit an all-time low of N1,348.63 versus the US dollar in the foreign exchange market. The…

10 months ago

Naira drops by 49% year-to-date, ends 2023 at N907 against US Dollar

The greatest economy in Africa saw its currency, the Naira, drop by a staggering 49% year to date, ending 2023…

11 months ago

Naira gains on the black market but falls at the official window

The Nigerian Naira saw a small decline in value relative to the US dollar in the official Nigerian Autonomous Foreign…

11 months ago