Naira’s Appreciation Continues: Value Breaks Below N850 Mark in Parallel Market.
In an unexpected turn of events, the Nigerian naira has demonstrated a significant appreciation in the parallel market, breaking below ...
Tag: Naira
Banks Release $533.48 Million for Foreign Education through Central Bank of Nigeria.
In a bid to cater to the increasing demand for foreign education, Nigerian banks have disbursed a total of $533.48 ...
EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.
The Economist Intelligence Unit (EIU) has predicted that the pressure on Nigeria's currency, the naira, is likely to persist in ...
Britain to add Nigeria’s naira to list of accepted trade currencies.
In a move signaling its commitment to bolstering trade ties with Nigeria, Britain's export finance agency has announced the inclusion ...
CBN Instructs Banks to Provide Naira Payouts for Diaspora Remittance Beneficiaries
The Central Bank of Nigeria (CBN) has introduced the Naira as a payout option for recipients of proceeds from international ...
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.
The Central Bank of Nigeria (CBN) has given International Oil Companies (IOCs) the green light to resume the sale of ...
Naira depreciated further to N763/$ at the Investors and Exporters Windows.
On Thursday, June 22, 2023, the Investors and Exporters window recorded depreciation in the value of the naira as it ...
Nigeria’s Airfares Soar as Exchange Rate Hits N702 per Dollar.
Airfares in Nigeria to various international destinations have witnessed a significant surge as the exchange rate for ticket pricing has ...
Nigeria’s Foreign Reserves Drop by Over $600M in First 18 Days of Tinubu’s Presidency.
Nigeria's foreign reserves have been experiencing a rapid decline, reaching one of its lowest levels, shedding an additional $600 million ...
CBN Plans Further Loosening of Controls to Determine New Naira Level
Dr. Kingsley Obiora, the Deputy Governor of the Economic Policy Directorate at the Central Bank of Nigeria (CBN), has revealed ...
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