Naira

Naira depreciation continues against USD at Forex Market days after Binance exit

Days after Binance stopped accepting transactions in Naira, the Naira's depreciation against the dollar resumed at the end of the…

8 months ago

Renewed Poverty: What Nigerians should be expecting before December – Ozekhome

A Senior Advocate of Nigeria, SAN, Mike Ozekhome, has issued a warning that by the end of 2024, the naira…

8 months ago

Naira vs USD: CBN to ban street trading, mulls fresh guidelines for BDCs

The Central Bank of Nigeria has announced new rules to Bureau De Change Operators in Nigeria, including the possibility of…

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 crashes to further against US dollar at foreign market

Monday saw a record low for the Naira against the US dollar at the foreign exchange market, valued at N1,534.39.…

9 months ago

All foreign currency transfer to be given in Naira – Nigerian Bank

International money transfer operators, IMTOs, will now allow international transfers using naira as the currency. This complies with the latest…

9 months ago

Naira appreciates against US dollars at forex market Friday

At the end of business on Friday, the Naira saw a minor increase in value relative to the US dollar…

9 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…

9 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…

9 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…

9 months ago