The Central Bank of Nigeria sold about 400 billion naira ($1.27 billion) of Treasury bills , lifting the interbank lending rate up to 12 percent, traders said. The bank sold 82 billion naira in 181-day Treasury bills at 18 percent and 309 billion at 18.6...

The Naira on Tuesday stabilised at N490 to a dollar at the parallel market in spite of speculations that it would depreciate to N500 to a dollar by the end of 2016, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro...

The Nigerian local currency, Naira has gained 50k to exchange at N305.00 to a dollar at the interbank market on Monday November 21, 2016. The currency had closed at N305.50 for most part of last week at the interbank market. However, naira remained stable at the...

The Senate condemned the act of hawking, selling and otherwise illegally trading in new Naira notes, coins or any notes issued by the Central Bank of Nigeria. It urged security agencies, as a matter of urgency, to enforce compliance with the provisions of Section 21...

Nigeria's naira hit its weakest level on the black market in more than a week at 460 to the dollar on Wednesday, as a central bank move to channel dollars to retail currency outlets failed to ease liquidity shortages, traders said. The unit had been...

Naira has slipped to 485 to a dollar today, Friday, 30 September at the parallel market following the scarcity of the foreign exchange in the country. Some traders in Lagos and Abuja said the naira nears 490 a dollar in early trading before returning to...