Currencies

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

March 23, 2026

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Currencies

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

CBN’s Hawkish Leap: CBN Signals Aggressive Shift in Monetary Policy with Striking Treasury Bill

February 8, 2024

Rate Surge in a decisive monetary policy maneuver, the Central Bank of Nigeria (CBN) has sent shockwaves through the financial...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

No Plan to Convert Domiciliary Account Dollars to Naira Vows CBN

Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), attributed the depreciation of the naira to the increasing...

FBN Holdings Achieves N1 Trillion Market Cap Milestone

FBN Holdings Reports N350 Billion Foreign Exchange Loss in 2023

FBN Holdings, a prominent banking entity in Nigeria, has disclosed a significant foreign exchange loss of N350.3 billion for the...

Interest Rates Expected to Rise as CBN Plans Record N1 Trillion Treasury Bill Auction

Recent indications point towards a potential increase in Nigeria's interest rates ahead of the upcoming treasury bills auction, signaling a...

Naira-Dollar Exchange Rate Plummets to Lowest Ever at N803/$1

Naira Weakens at Official Market as Banks Sell $584 Million

The official Nigeria Autonomous Foreign Exchange Market witnessed a surge in foreign exchange transactions, reaching a staggering $584 million, as...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Maintains Gains on CBN’s FX Policies as Naira stands at N1419/$

February 6, 2024

The Nigerian foreign exchange (FX) market remained stable on Monday, with the naira sustaining gains attributed to recent policy interventions...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Governor Blames Limited Resources For FX Woes

In response to growing concerns about the nation's foreign exchange challenges, the Governor of the Central Bank of Nigeria (CBN),...

Access Bank, Zenith Bank among others Report Robust Profits Despite Economic Challenges

Banks Defy Economic Challenges: N703.3 Billion Profit Amidst Inflation and Forex Revaluation

Despite the economic downturn, leading Nigerian banks, including FBN Holdings Plc, Stanbic IBTC Holdings, and five others, have collectively reported...

Naira Faces Fresh Challenges as It Surpasses N1,160 Against Dollar

Dollar Supply Soars by 180% Following CBN Interventions

In a resounding turn of events, the official foreign exchange market in Nigeria witnessed a remarkable surge in dollar supply,...

Naira is Deeply undervalued- CBN Governor