Currencies

Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks

by Stephen Akudike

March 17, 2026

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Currencies

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

CBN finally floats the exchange rate

by Jide Omodele

September 13, 2023

According to reports received by Ratecaptian, the Central Bank of Nigeria (CBN) has given commercial banks and forex market dealers...

South African Rand Plunges to New Low as Interest Rates Rise

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The South African economy has been facing a turbulent period, marked by worsening electricity shortages, rising inflation, and recent allegations...

Turkish Lira Plunges to Unprecedented Depths as Erdogan’s Power Grasp Shakes Economy to Its Core.

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The Turkish lira has reached an all-time low as President Recep Tayyip Erdogan secures his victory in the 2023 presidential...

Is the eNaira a waste of government resources?

May 24, 2023

The International Monetary Fund (IMF) recently released a report titled "Nigeria's eNaira, One Year After," revealing that 98.5% of eNaira...

Naira appreciated to N738/$ in the Parallel Market

The Rise in Currency Hoarding: Examining Nigeria’s Cash Crunch.

Nigeria has experienced a significant spike in currency outside the banking system for the fourth consecutive month, reaching a staggering...

Digital Currency Group Faces Legal Dispute and Payment Failure: Implications for the Nigerian Economy.

The digital currency industry experienced a significant setback recently as Digital Currency Group (DCG) failed to make a $630 million...

Confusion deepens as the uncertainty of the old naira deadline persists.

Resurgence of Cash Hoarding in Nigeria Raises Concerns.

Following the relaxation of currency redesign and cashless measures by the Central Bank of Nigeria (CBN), indications suggest that Nigerians...

Nigerian Banks to Demand Tax Clearance Certificate Before Customers Can Buy Dollars, Other Foreign Currencies

Nigerian banks have implemented a new requirement for customers engaging in foreign exchange transactions. Customers are now mandated to present...

President of Kenya tells citizens to get rid of US dollars.

Naira remains stable at N743/$ in the parallel market.

May 16, 2023

On Tuesday, May 16, 2023, the exchange rate between the naira and the US dollar remain stable to trade at...

Naira depreciates to N744/$ in the parallel market.