‎Naira Slides to ₦1,630/$ in Black Market Amid Continued Volatility ‎The naira depreciated further against the US dollar on Thursday, dropping by ₦20.02 to exchange at ₦1,630/$ in the parallel market, down from ₦1,610/$ on Wednesday. ‎A currency trader at the Abuja black market told Economic...

‎Naira Appreciates Further, Sells N1,490/$1 in Parallel Market ‎The naira further appreciated against the U.S. dollar in the black market on Wednesday, February 26, 2025, trading at N1,490/$1. ‎This marks a N5 gain compared to the previous day's rate of N1,495/$1, reflecting a slight improvement in...

‎Naira Strengthens to ₦1,525/$ in Parallel Market Amid Instability The naira recorded a significant appreciation against the dollar on Wednesday in the parallel foreign exchange market. ‎ ‎A source at the Abuja Black Market told Economic Confidential that as of February 19, the naira was trading at...

‎Naira Strengthens to ₦1,565/$ in Parallel Market Amid Volatility ‎The naira rebounded against the dollar on Wednesday in the parallel foreign exchange market, reversing earlier losses. ‎As of February 12, 2025, the naira was trading at ₦1,560/$ (buy) and ₦1,565/$ (sell), reflecting a significant recovery from...

CBN Waives BDC Licence Renewal Fee The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC) operators with immediate effect. This is in furtherance to the Regulatory and Supervisory Guidelines for Bureau De Change Operations in...

CBN Approves Forex Sales of $20,000 to BDCs at N1,590/$ The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to eligible Bureau De Change operator across the country. This was disclosed by the apex bank in a statement signed by...