The Nigerian Naira saw a depreciation in value against the dollar at the parallel section of the foreign exchange market on Monday, sliding to ₦1,620/$, a...
A currency becomes strong if a country’s exchange rate is appreciating as a result of internal policies and other economic reforms. In the world today, 180...
In a surprising turn of events, the Nigerian Naira witnessed a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators, Naija News reports. This is in exercise of the...
In a notable turn of events, the Nigerian currency, the naira, has shown signs of robust appreciation at the parallel section of the foreign exchange (FX)...
The Nigerian currency, the naira, saw a notable appreciation on Wednesday, strengthening to ₦1,860 against the dollar in the parallel market, marking a significant recovery from...
Operatives of the Economic and Financial Crime Commission (EFCC) arrested some currency exchange operators in the famous Kano currency exchange market, WAPA, in the early hours...
Nigeria’s local currency, the naira, has plummeted to a new low, now trading above 2,000 naira against the Great Britain Pound in the parallel market. This...
The Nigeria Autonomous Foreign Exchange Market (NAFEM) experienced a significant decrease in dollar sales on Friday, with transactions dropping by $252 million to $84.1 million, marking...
The Economic and Financial Crimes Commission (EFCC), announced on Wednesday that it has established a Special Task Force within its Zonal Commands in order to address...
Revaluing a national currency and restoring its value involves a complex mix of monetary policy, fiscal adjustments, and sometimes structural reforms. Nigeria is currently battling with...
The vice president, Kashim Shettima, has described Nigerians laughing over the depreciation of the Naira against the dollar as clowns. Naija News reported that the exchange...
In an effort to stabilize the fluctuating exchange rate, the Central Bank of Nigeria (CBN) has issued a directive for Deposit Money Banks to offload their...
Nigeria’s currency, the Naira, lost more value against the United States (US) Dollar at the parallel market yesterday. Naija News understands that on Thursday, January 4,...
The Nigerian naira weakened to ₦1,165 per dollar in the parallel foreign exchange market on Thursday, a N5 decrease from its value last Tuesday. Bureau De...
The naira has continued to depreciate against the US dollar since President Bola Tinubu assumed office in May 2023. President Tinubu since his assumption of office...
The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators benefiting from the FX round tripping under the last administration and...
The Nigerian Naira recorded a striking appreciation against the US dollar, reaching a monthly peak of N780.14/$1 at the official market on Friday. This significant rally...
The naira on Tuesday crashed against the United States dollar at the parallel market where most Nigerians carry out their forex transactions. Naija News gathered that...
A United States multinational financial service firm, JP Morgan has projected that the naira would trade at N850/$ at the Investors’ and Exporters’ Forex window before...