Currency In Circulation Rises By N11.38bn In One Month     The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31, 2020. Latest statistics obtained from the Central Bank of Nigeria on Thursday indicated a rise of about...

Forex: Naira Gains, Exchanges 430/$     The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the resumption of forex sales by the Central Bank of Nigeria on April 29, 2020. After four weeks of forex sales suspension,...

Naira Slumps To N470/$1 On Parallel Market Naira dropped further on the parallel market yesterday, hitting N470 against the dollar as scarcity of foreign exchange, occasioned by the outbreak of novel coronavirus continues to negatively impact the local currency. Naira has been on a steady decline...

Naira Plunges Further, Dollar Sells For N412   The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary suspension of sale of forex to the Bureau De Change operators in the industry by the Central Bank of...

How CBN, BDCs Stopped Further Crash Of Naira   Indications emerged at the weekend as to how the Central Bank of Nigeria and bureau de change operators (BDCs) rallied round to forestall further crash of the naira. The Nation was reliably informed that following the crash of...

Naira Now N413/$ At Forward Market   The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of coronavirus. The naira was priced much weaker at N413.55 to the dollar in a year, compared with the N399.73 it...