Currencies
Naira appreciated to N738/$ in the Parallel Market
On Tuesday, April 11, 2023, the exchange rate between the naira and the US dollar appreciated to trade at an...
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President of Kenya tells citizens to get rid of US dollars.
The President of Kenya recently announced to all citizens they should get rid of any U.S. Dollars they may be...
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Russia, Brazil, India, China, and South Africa to launch new currency to rival the dollar.
Russia, Brazil, India, China, and South Africa have confirmed they are developing a new currency to rival the U.S dollar...
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Naira depreciates to N746/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N746/$1 on Thursday, March 30,...
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Naira Crunch: NLC condemned over Planned Industrial Action.
A Port Harcourt based Mr. David Sikpa, has condemned recent moves by the Nigeria Labour Congress (NLC) to embark on...
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CBN evacuate old naira notes from its vault to commercial banks nation wide.
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the...
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Currency in circulation dropped to N982 billion which is the lowest recorded since 2008.
Nigeria's currency in circulation fell to a record low of N982 billion in February 2022 down from N1.39 trillion recorded...
Read moreNaira remains stable at N745/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N745/$1 on Wednesday, March 22,...
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Access Bank cuts PTA and BTA to $2,000 per application.
Access Bank has slashed the amount of personal travel allowance and business travel allowance to $2000 per person from $4000...
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CBN debunks alleged plot against Tinubu
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has dismissed allegations that he had launched a fresh plot...
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