News

Naira Hits N1,315/$, Hits Strongest Level In Two Years As Reserves Climb To $54.08bn

THE naira appreciated to N1,315 against the United States dollar on Thursday at the official section of the foreign exchange (FX) market, recording.

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Rejecting ₦100 Notes Is Illegal, CBN Warns Nigerians, Businesses

THE Central Bank of Nigeria (CBN) has reaffirmed that both the standard ₦100 banknote and the commemorative ₦100 banknote remain legal tender and.

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Naira Appreciates To ₦1,376/$ At Official Market

THE naira appreciated further at the official market on Wednesday, trading at N1,376.19 to the United States dollar, according to data released by.

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Why Naira Has Not Appreciated To ₦1,000/1$ – Shettima

VICE President Kashim Shettima says the naira would have appreciated to ₦1,000 in “weeks” if the Central Bank of Nigeria (CBN) had not.

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Naira Reaches Two-Year High At 1,347/1$

THE naira has strengthened sharply in recent weeks, reaching one of its strongest levels in nearly two years, even as rising foreign portfolio.

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Naira Hits Record ₦1,400/$1

THE Nigerian Naira has hit a record high of ₦1, 400 against the US dollar at the official market during the midweek trading.

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Naira To Hit ₦1,300/$ By December, Predicts BUA President, AbdulSamad Rabiu

THE President of BUA Group, Abdul Samad Rabiu, has projected a stronger naira before the close of 2025, predicting that the exchange rate.

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CBN Raises Alarm Over Illicit Naira Transactions, Calls For Urgent Action

THE Central Bank of Nigeria (CBN) has sounded the alarm over the growing trend of illicit transactions involving banknotes, urging immediate intervention to.

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Naira Does Well, Ends February Below N1,500 Per Dollar

NAIRA closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at.

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Naira Gains Again As Dollar Sold For N1,535 In Black Market

THE naira appreciated to N1,535 per dollar in the parallel market, commonly referred to as the black market, driven by reduced demand for.

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Naira Appreciates To An Eight-Month High As Dollar Demand Eases

THE naira appreciated to an eighth-month high of 1474.78/$ at the official foreign exchange (FX) market on Friday as dollar demand eases on.

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Naira Appreciates To N1,610/$1 In Parallel Market

REPRESENTING an N20 increase within a day, the Nigerian naira appreciated against the U.S. dollar in the parallel market on Friday, closing at.

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Naira Appreciates To N1,660/$ In Parallel Market

THE Naira yesterday appreciated to N1,660 per dollar in the parallel market from N1,662 per dollar last weekend. However, the Naira depreciated to.

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Naira Rebounds, Sells For 1,280/$ At Parallel Market

THE Naira yesterday recovered against the US dollar at the parallel market as it appreciated to N1280/$, according to market information obtained by.

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Column

High Commodities Prices: The Retailers’ Greed – By Hafsat Salisu Kabara

NIGERIA’s Naira has officially been declared the world’s best-performing currency by global investment bank, Goldman Sachs and the Central Bank of Nigeria’s Governor,.

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Naira Best Performing Currency Globally – CBN Governor

THE Central Bank of Nigeria (CBN) governor Yemi Cardoso says the apex bank’s FX reforms have made the naira the best-performing currency globally..

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CBN Governor Breaks Silence Over Depleting Foreign Reserves

OLAYEMI Cardoso, Governor of the Central Bank of Nigeria (CBN) has said the bank is not strengthening the Naira with the country’s foreign.

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Naira Nears 1,000/$ At Parallel Market

THE naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at the official market and N1,050/$ at the parallel market.

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Naira Will Trade Below N1,000/$, Goldman Sachs Predicts

THE naira held onto its bullish momentum despite the dollar’s most recent aggressive gains this week, as concerns about persistent inflation remained unabated.

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Naira Sells Below 1,280/$ At Official, Parallel Markets

THE naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded.

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