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Currency Watch
Christmas shopping in Dubai drives demand for dollar
Christmas shopping in Dubai occasioned by Emirates Airline resumption of flight between Dubai and Nigeria is now driving demand for the dollar despite selling off of hoarded foreign exchange…
FX speculators selling off hoarded cash say senior Nigerian bankers
Senior Nigerian bankers say currency speculators are now beginning to bring out the foreign exchange they are hoarding to the market and selling, according to the Economist Intelligence…
Naira gains in parallel market on rising dollar availability
Nigeria’s naira rebounded in the illegal market as the central bank boosted sales of dollars through commercial banks, according to traders. This has helped to close the gap with the…
Explainer: What you did not know about the e-Naira
With the launch of the e-Naira by the Central Bank of Nigeria drawing nearer, everyone is itching to know what exactly they are, how it works, where the CBN is in terms of development, and…
Will eNaira become a cheaper, faster option for remittances?
The website for eNaira, Nigeria’s Central Bank Digital Currency (CBDC), went live on Monday, almost a week ahead of its anticipated launch on October 1.
The apex bank said on the new…