Black Market Halts Trading as Naira Slides to ₦1,565/$
Trading activities in the parallel market came to a standstill on Monday, August 4, following the persistent depreciation of the naira against the US dollar over the past week.
Currency dealers in Abuja told Economic Confidential that...
The Nigeria Inter-Bank Settlement System (NIBSS) data has shown that the number of Nigerian bank account owners linked to Bank Verification Number (BVN) hit 66.2 million at the end of July, 2025.
Naira Weakens by 19 Kobo Against Dollar at Official Market
The Naira on Friday closed the week slightly weaker, as it lost 19 kobo against the U.S. dollar at the official market, trading at N1,533.74.
Data released on the official website of the Central Bank of...
CBN's Agric Funding Initiative Falls Short of Farmer's Expectations
The National President of the All Farmers Association of Nigeria (AFAN) Kabir Kebram, has described the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme (ABP) as a failed intervention.
Speaking on the controversial agricultural financing scheme, Kebram...
Naira Falls Against Dollar in Black Market
The naira falls consecutively against the US dollar on Thursday, July 31, mirroring the pace of its appreciation in the parallel market a week earlier.
Currency dealers in Abuja told Economic Confidential that due to high demand, the Naira...
