Naira Continues to Appreciate at Official Market The naira has continued to strengthen on the official trading window, the Nigerian Autonomous Foreign Exchange Market, as the Central Bank of Nigeria launched the new Electronic Foreign Exchange Matching System this week. According to data on the CBN...

Naira Plunges at NAFEM, Parallel Market The Naira value weakened by 1.9% or N28.73 against the United States Dollar on Thursday, February 22 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) despite unconventional approaches to ease the free fall of the currency. It closed at...

Was It The Bankers Who Took Away Our Dollars? by Segun Sanni   Nigeria is a peculiar place where those who know absolutely nothing about a topic would be making outlandish claims on the topic with supreme confidence that would make even a subject matter expert...

JUST IN: Dollar Crashes Further Against Naira The United State Dollar on Friday continued it's free fall against the Naira which is now exchanging for 704 Naira to a Dollar. This is a further decline from the 740 Naira it was exchanged for on Thursday. ECONOMIC CONFIDENTIAL...

US Dollar Crashes as Naira appreciates to N740/$ at Black Market For the first time in this month, November 2022, the Nigerian currency, Naira has appreciated significantly against the US dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators who...

CBN Grants Approval to MTN, Glo, Airtel, Other Payment Service Banks to Sell Dollars The Central bank of Nigeria has approved dollar sales by Payment service banks(PSB), Nigerian three telecommunication giants MTN, Airtel Glo, have licences to operate PSB CBN's decision to allow PSBs to...