External reserves loses $4.28bn as naira maintains fall in 2023

Nigeria’s external reserves have depleted by 11.55 per cent ($4.28 billion) year-to-date as the naira has steadily fallen against the dollar in 2023.

Expert Speaks On Naira to Dollar Exchange Rate in 2024 As FG Introduces New Dollar Account Charges

Bismarck Rewane, the chief executive officer (CEO) of Financial Derivatives, has revealed his expectations for Nigeria’s exchange rate market.

Intraday high records N1185.10/$1 as naira rises marginally to close at N901.41/$1 in official market

The intraday high recorded N1185.10/$1 as the Naira gained marginally against the dollar on Thursday, 14th December 2023 at the official market but closed flat at the black market.  

‘Take precautionary measures’ — CBN warns banks of fake naira in circulation

The Central Bank of Nigeria (CBN) has warned banks to beware of the circulation of counterfeit naira banknotes, particularly higher denominations, in major cities across the country.

Naira to Dollar New Exchange Rate Shows Gap at Official and Black Market Now N146

Naira to dollar exchange rate The latest official exchange rate recorded on Friday, November 3, 2023, shows the value of the naira closed at N793.28/$ in the Nigerian Autonomous Foreign Exchange Market (NAFEM), nearly the same rate as the previous Friday.

Naira hits all-time low of N993.82 per dollar at official market

Naira fell to all-time low of N993.82 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), Nigeria’s official foreign exchange (FX) market on Monday, following low dollar inflow.

Naira Crashes to Record Low on Street as Dollar Supply Dries Up

The Nigerian naira plunged to a record low on the parallel market as shrinking dollar supply from the central bank forced buyers to the street for hard currency.