Naira Gains ₦5.32 Against Dollar in Black Market
The naira appreciated slightly by ₦5.32 against the US dollar on Tuesday in the parallel (black) market.
A source at the Abuja black market told Economic Confidential that as of May 20, the naira exchanged at ₦1,610 per...
Naira Slips by ₦3.33 Against Dollar in Black Market
The naira slightly depreciated by ₦3.33 against the US dollar as trading resumed on Monday in the parallel (black) market.
A source at the Abuja black market told Economic Confidential that as of May 19, the naira...
Naira Rebounds to ₦1,620/$ in Parallel Market
The naira strengthened across both the parallel and official foreign exchange markets on Friday, reflecting renewed confidence in the local currency.
A source at the Abuja black market told Economic Confidential that as of May 16, the naira was...
CBN’s NRBVN and the Road to $1bn, by Rahma Olamide Oladosu
For decades, Nigerians in diaspora have constituted a vital yet under-served segment of the national economy. Despite their immense contributions through remittances, investments, and professional networks, systemic obstacles have continued to limit their access...
In a nation where financial opportunity has too often been a privilege of the few, the Central Bank of Nigeria (CBN) is rewriting the script. It in partnership with the Nigeria Inter-Bank Settlement System (NIBSS) unveiled a groundbreaking innovation: the Non-Resident Bank Verification Number (NRBVN) platform.
