Currencies

Naira Slips for Third Straight Session as Reserves Dip Below $50 Billion Mark

March 23, 2026

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Currencies

Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

CBN begins sales of $10000 FX for N1101/$

The Central Bank of Nigeria (CBN) has announced the sale of foreign exchange (FX) to Bureau De Change Operators (BDCs)....

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Banking

Naira Continues 4th Straight Weekly Surge Amid Resistance at Key Support Level

In a promising development, the Nigerian naira continued its upward trajectory, marking its highest level against the dollar since its...

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

Nigeria’s Foreign Exchange Reserves Drop by $1.02bn in 18 Days

Nigeria's foreign exchange reserves have experienced a notable decline, decreasing by approximately $1.02 billion over an 18-day period as the...

BDC Operators Call for Increased Participation in Nigeria’s Foreign Exchange Market.

BDC Operators Urge CBN to Lower Exchange Rate Amid Rising Disparities

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to...

U.S. Presidential Election: Currency Markets Await Global Rate Cuts

April 4, 2024

Currency markets worldwide are currently experiencing a deep freeze, with traders and investors eagerly anticipating global interest rate cuts and...

Naira Hits N430.33/$1 at the Investors and Exporters (I&E) Window as Demand for the Greenback Remains Unmet

Naira Surges Against Dollar: Hits N1278.58/$1 at Official Window, N1250/$1 on Parallel Market

April 3, 2024

The naira witnessed a notable surge against the US dollar during Tuesday's trading session, marking significant gains both at the...

Naira depreciates to N755/$ in the parallel market.

Customs FX Rate for Import Duties Surpasses Official Market Rate, Reaching N1,330/$

April 3, 2024

The current exchange rate for customs import duties and cargo clearance payments has surpassed the official foreign exchange market rate...

Naira Dilemma :Analyzing CBN’s Strategies to Revive the Naira Value

April 2, 2024

In the face of unprecedented challenges posed by the rapid depreciation of the Nigerian naira, the Central Bank of Nigeria...

Naira appreciates to N740/$ in the parallel market.

Dollar Steadies in European Markets Amid Sterling’s Rise on Positive PMI Figures

April 2, 2024

In European trading on Tuesday, the U.S. dollar remained stable, hovering close to its recent four-month peak, buoyed by robust...

The US dollar’s international dominance slowly being eroded.

Daily Forex Turnover Reaches Record High of $857 Million as Naira Strengthens