Currency Watch

Nigeria’s currency on Friday strengthened further by 0.57 percent to N517 per dollar compared with N520/$ it closed Thursday, at the parallel market. Naira firmed to N520 on Thursday…

The naira appreciated to N520 to a dollar on the parallel market on Thursday after hitting a four-year low of N525 to a dollar the previous day, according to data from Abokifx, a platform…

Nigeria’s deposit money banks (DMBs) on Thursday assured the public of their readiness to carry out the function of providing foreign exchange (FX) services to customers as directed by the…

Nigeria's currency on Wednesday hit N522 per dollar as traders in the parallel market, popularly known as the black market, were seen hoarding dollars for fear of losing money. This…

The Naira is holding steady to the dollar in FX markets Wednesday after the Central bank of Nigeria halted the sale of foreign exchange to the over five thousand Bureau De changes across the…

Ahead of the planned rollout of digital currency before the end of the year by the Central Bank of Nigeria (CBN), it is important to look at the potential benefits to the economy. The…

Nigeria’s currency on Monday lost 0.31 percent to the dollar at the official market despite increased liquidity. The foreign exchange daily market turnover on Monday rose by 44.30 percent…

Nigeria's currency closed the five trading days strong in spite of the drop in dollar supply as the foreign exchange market turnover declined by 33.83 percent. The Central Bank of Nigeria…

Nigeria’s currency on Thursday closed flat against the dollar at all market segments of the foreign exchange market. Naira/dollar exchange rate steadied at N411.20k at the official market…

The Central Bank of Nigeria (CBN) will tomorrow (Wednesday) roll over maturing Treasury Bills worth N109.43 billion across 91-day (N12.46 billion), 182-day (N25.37 billion), and 364-day…