CBN Sets January 31 Deadline for FX Market Compliance Report Submission
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange (FX) market to submit a ...
Tag: Naira
Nigeria’s Public Debt Rises to N142.3 Trillion in Q3 2024
Nigeria's public debt has surged to N142.3 trillion by the end of the third quarter of 2024, reflecting an increase ...
Naira Gains in Black Market Despite Slight Decline in Official Exchange Rate
The Nigerian naira recorded a significant appreciation against the U.S. dollar in the parallel (black market) exchange, reflecting improved market ...
Naira Weakens Against Dollar Amid Global Economic Changes
The Nigerian naira continued its decline against the U.S. dollar on Tuesday, January 14, 2025, despite a rise in global ...
Naira Faces Pressure Amid Strong U.S. Economic Data
The Nigerian naira remained relatively steady in the first trading session of the week, despite mounting pressure from the strengthening ...
Naira Weakens Further to N1,665/$ in Parallel Market
The naira continued its depreciation on Friday, slipping to N1,665 per dollar in the parallel market, down from N1,645 recorded ...
Naira Holds Steady in Black Market as U.S. Jobs Data Takes Center Stage
The Nigerian naira remained stable in the unofficial black market, trading at around ₦1,660/$ in the last trading session of ...
Naira Depreciates to N1,665/$ in Parallel Market, Margins Widen
The Naira weakened further in the parallel market on Monday, trading at N1,665 per dollar, down from N1,660/$ recorded over ...
Naira Starts 2025 on a Weak Note, Trades at N1,541.36/$
The Nigerian naira began 2025 with a slight depreciation, closing at N1,541.36/$ on the first trading day of the year. ...
Currency Outside Banks Reaches Record N4.2 Trillion
Nigeria's currency outside the banking system has soared to an all-time high of N4.2 trillion as of October 2024, despite ...
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