NRS Chairman: Ending Fuel Subsidy Averted N53 Trillion Bill and Naira Crash to N3,500
The petrol subsidy could have drained as much as N53 trillion from government coffers under present market conditions and driven ...
Tag: Naira
CBN Raises 364-Day T-Bill Rate to 17.59% Despite N4.4 Trillion in Bids
The Central Bank of Nigeria increased the stop rate on its benchmark 364-day Treasury Bill to 17.59 per cent at ...
GTBank Raises Naira Card International Spending Limit to $40,000
Guaranty Trust Bank has doubled the quarterly international spending limit on its naira debit cards from $20,000 to $40,000, becoming ...
CBN Cancels N700 Billion T-Bills Auction After Aggressive Liquidity Withdrawal
The Central Bank of Nigeria has shelved a planned N700 billion treasury bills auction scheduled for 5 August 2026, after ...
Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover
Nigeria’s foreign exchange market recorded its highest weekly turnover of 2026, with total transactions in the FX Spot and Derivatives ...
Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day
The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded ...
Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions
The naira appreciated against the US dollar on Tuesday, July 21, 2026, closing at N1,375.3083 per dollar in the official ...
Dollar Shortage Widens Spread Between Official and Parallel FX Rates
Nigeria’s foreign exchange market is facing renewed pressure as the gap between the official and parallel market rates has widened ...
Naira Slips to N1,420 per Dollar in Parallel Market as Official Rate Edges Higher
The Nigerian naira weakened further in the parallel market yesterday, trading at N1,420 per US dollar, down from N1,406 recorded ...
Naira Remains Steady at N1,382/$ in Official Market While Parallel Rate Gap Widens
The Nigerian naira traded with little movement in the official foreign exchange market on Monday, closing at N1,382.33 per US ...
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