Naira Falls to 770.38/$ at Official Market The naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the investor & exporter forex window on Monday. According to figures obtained from the FMDQ on Monday, the trading rates had closed...

External Reserves Shed $438m As Naira Appreciates To N663.04/$   The external reserves fell by $438 million in the first two weeks of June to $34.66 billion, maintaining the downward trend from last month. Data from the Central Bank of Nigeria, CBN, showed that the reserves stood...

How Floating the Naira Benefits You By Reno Omokri When the Central Bank of Nigeria used to set the value of the Naira and defend that value by artificially pumping Dollars into the market, you, as an ordinary citizen, did not benefit. It was another fuel...

Free Float: Naira Depreciates Further to 702/$ The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed for a free float of the national currency against the dollar and other global currencies. This means that the...

JUST IN: Naira Hits N755/$ as CBN Reportedly Directs Banks to Trade Freely   The Naira is currently trading at N750-N755 per dollar at the Investors and Exporters (I&E) window due to a new policy of the country's monetary authorities. According to sources familiar with the development,...

CBN Denies Devaluing Naira to 630/$1 The Central Bank of Nigeria (CBN) has denied the report of the devaluation of the Nigerian currency to 630 Naira to a Dollar. The CBN in a statement signed by its acting spokesman, Isa AbdulMumin, on Thursday said the details...