Naira

Recent price movements indicate that the Nigerian currency has remained in a consolidation phase in the unofficial market, fluctuating between N2,150 and N2,250/£/£ this month due to increased buying pressure …

Data from the Central Bank of Nigeria (CBN) shows that the naira maintained relative stability from May 23 to May 30, fluctuating between ₦1,579/$1 and ₦1,592/$1. This contrasts with the …

Justice Akintayo Aluko of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, 17 April 2025, convicted and sentenced a businessman, Aniogor Godswill Obiajulu, and his company, ICE BY …

The naira depreciated by 2.5 percent against the dollar in the official foreign exchange (FX) market in March 2025, as external reserves closed the month flat. According to data from …

The naira on Tuesday depreciated against the dollar across the official and the unofficial foreign exchange (FX) markets following a decline in dollar inflows last week. The naira depreciated slightly …

Nigeria’s foreign reserves have dropped by $2. 2 billion amid concerns of the central bank’s support for the Naira and the settlement of over $2 billion foreign exchange backlog. This …

The Nigerian naira appreciated against the U.S. dollar in the parallel market on Friday, closing at N1,610/$1, compared to N1,630/$1 recorded on Thursday. This represents a N20 increase within a …

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has unveiled a comprehensive strategy to tackle on-going commoditization of the naira, with the objective of reinstating its status as …

The Central Bank of Nigeria has reaffirmed the validity of the old N1000, N500, and N200 banknotes as legal tender, clarifying misinformation circulating about their status. In a statement signed by Mrs Hakama Sidi-Ali, the …

Naira devaluation has raised Nigeria’s external debt by about N30.03 trillion in Naira terms between 2023 and June 2024, data from the nation’s Debt Management Office show. Despite a reduction …