Currencies
CBN defies Supreme Court orders as the deadline for the old notes still holds.
The Central Bank of Nigeria (CBN) has declared that the old Naira notes of N200, N500, and N1000 have ceased...
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Naira remains stable at N750/$ in the parallel market amidst cash scarcity.
The exchange rate between the naira and the US dollar at the black market remained flat on Monday, February 13th,...
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Naira appreciates to N750/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N750/$1 on Friday, 10 February...
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Naira depreciates to N752/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N752/$1 on Thursday, 9 February...
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IMF advised CBN to extend the banknote swap deadline.
The International Monetary Fund has advised the CBN to consider extending the deadline to swap the old banknotes. Mr. Ari...
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Naira appreciates to N747/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N747/$1 on Wednesday Morning, 8...
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Nigeria’s Supreme Court Temporarily Halts Ban on Old Naira Notes.
The Supreme Court on Wednesday temporarily halted the move by Nigeria’s federal government to ban the use of the old...
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Naira depreciates to N752/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N752/$1 on Tuesday Morning, 7...
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Naira depreciates to N750/$ in the parallel market.
The exchange rate between the naira and the US dollar traded for an average of N750/$1 on Monday, 6 February...
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Charges on cash transactions skyrocketed by POS agents.
The scarcity of the redesigned naira notes intensified over the week, frustrating many Nigerians as they scrambled to withdraw new...
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