Currencies

Nigeria’s Central Bank (CBN) has issued a new directive requiring commercial banks to secure regulatory approval before making changes to...

Recent statistics from the Central Bank of Nigeria (CBN) reveal a striking increase in the amount of currency circulating outside...

The Nigerian Naira experienced a slight decline in value at the official foreign exchange market on October 30, 2024, coinciding...

In a significant economic development, Nigeria's money supply (M3) soared to N108.95 trillion in September 2024, marking a 62.8% increase...

The Nigerian naira weakened further on Monday, sliding to ₦1,670.75 per dollar in the official market and ₦1,748 per dollar...

Central Bank of Nigeria (CBN) Governor Yemi Cardoso has highlighted a notable decline in market volatility, which he attributes to...

The Nigerian naira exhibited a mixed performance recently, with movements indicating both strength and vulnerability across official and parallel markets....

In a recent announcement, the Central Bank of Nigeria (CBN) shared its active engagement efforts aimed at facilitating the country's...

The Nigerian naira strengthened slightly in the parallel market yesterday, appreciating to N1,715 per dollar, a modest gain from the...

**Abuja, October 22, 2024** — Nigeria's government forfeited N13.2 trillion in revenue due to its foreign exchange subsidy policy between...