CBN Devalues Naira to 630/$1 The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window on Wednesday. The devaluation came 48 hours after President Bola Ahmed Tinubu announced the plans...

Naira Rises Against Dollar to Trade at N770/$1 on Tuesday  The Nigerian Naira experienced a notable appreciation against the US Dollar at black market to trade at an average rate of N770/$1, showcasing a significant 1.28% appreciation today after eight consecutive depreciations from May 17,...

Naira Falls to Dollar at N779/$1 at P2P, N772/$1 at Parallel Market The steep fall of the Naira to the United States Dollar continued on Thursday as its value further weakened in the Peer-2-Peer (P2P) and the parallel market segments of the foreign exchange (FX)...

Report Reveals Forex Turnover Crashes By 47%   The foreign exchange turnover of Naira against the United States of American dollar on the Investors & Exporters window fell by 47.08 per cent in April. This was disclosed in the monthly report of activities on the FMDQ which...

How Naira Crisis, Elections Affected 2023 Revenue - NGX The Nigerian Exchange Group (NGX) has said the last general elections and the naira redesign policy of the Central Bank of Nigeria impacted its top-line revenue negatively. It said this resulted in a 20.5 per cent decline...

Naira Falls at Parallel Market, Gains at Investors’ Window   Naira performance on Monday in the currency market varied across market segments. At the parallel market, the naira weakened by 0.41 per cent to close at N741 against the greenback; while at the I &E window, the...