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...

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...