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Currency Watch
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…
CBN’s e-Naira website goes live ahead of official launch
Ahead of the launch of the Central Bank of Nigeria’s digital currency, the official website for the e-naira went live at the weekend and recorded over a million hits in the space of 24…
Naira strengthens after Nigeria issues Eurobond
Naira, Nigeria's legally approved means of exchange on Wednesday recorded marginal appreciation at the official window, a day after the country issued $4 billion Eurobond.
Liquidity in…