Naira Strengthens 9.16% in Six Months Amid Reforms, FATF Grey List Exit
Official naira exchange rate rises from N1,605 to N1,457.95 against the dollar in six months. Black market shows 6.83% appreciation, narrowing the parallel market gap. FATF delisting and FTSE Watch…
Naira Holds Firm at ₦1,475/$ as CBN Boosts Reserves Past $43 Billion
Naira trades at ₦1,475 per dollar on official market amid cautious late-2025 stability. CBN raises reserves above $43bn to sustain FX interventions, tighten BDC supervision. Parallel market rate closes at…
Naira Appreciates Sharply Against Dollar After Independence Break
The naira recorded a strong rebound against the US dollar on Thursday, gaining ₦20.11 at the official window. Black market rates also strengthened, narrowing the gap between official and parallel…
Naira Abuse Driving Printing Costs, CBN Warns
CBN launches nationwide campaign on currency handling Nigerians urged to stop folding, spraying, mutilating notes Apex bank cautions against hoarding ahead of festive season The Central Bank of Nigeria (CBN)…
Cardoso Warns Nigerians Against Spraying, Hawking, Mutilating Naira
• Cardoso Governor stresses respect for naira • Financial inclusion and SME growth linked to economic stability • Bank highlights reforms boosting FX inflows and digital transformation The Governor of…
Naira Weakens Further, Hits N1,538/$ in Parallel Market
Naira slips by N3 in parallel market, trading weaker at N1,538/$ Official rate at Nigerian Foreign Exchange Market drops slightly to N1,503.5/$ Weekly performance shows gain at official window but…
CBN Reforms, Weak Dollar Push Naira to Strongest Level Since March
• Nigerian naira closes at N1,500.91 per USD, marking its best performance since March 5, 2025 • Central Bank of Nigeria’s monetary reforms restore market confidence and improve dollar liquidity…
Naira Records Slight Appreciation Against Dollar at Official Market
The naira strengthened marginally to N1,534.52 against the dollar at the official market on Thursday. Day-to-day gain recorded at 0.3 from Wednesday’s N1,534.83. Black market rate remained unchanged at N1,565…
EFCC Threatens To Arrest Dollar Hoarders As Naira Continues To Fall
The Economic and Financial Crimes Commission (EFCC) has threatened to arrest Nigerians hoarding dollars and other foreign currency. Abdulrasheed Bawa, the Chairman of the anti-graft agency, made the threat during…
Naira: CRRAN Boss Wants S’Court To Be Firm Today
The Supreme Court will hear the merit of the main application brought by the applicant (Zamfara, Kaduna, and Kogi) against the federal government today, February 15 regarding the naira policy.…