Naira rises to N1,560/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1, 560 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]
Naira depreciates to N1,660/$ in parallel market
The Naira on Friday depreciated to N1,660 per dollar in the parallel market from N1,650per dollar on Thursday.
Yuletide: CBN grants BDCs temporary access to buy $25,000 weekly
This temporary arrangement, designed to meet the increased demand for foreign exchange during the festive season, will run from December 19, 2024, to January 30, 2025.
Businesses see naira depreciating this month – CBN Report
Nigerian businesses, while expressing optimism about the macroeconomic environment, have projected further depreciation of the naira this month and the first three months of 2025.
Old, new naira notes remain legal tender – CBN
The Central Bank of Nigeria (CBN) says all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out.
Naira appreciates to N1,662/$ in parallel market
Naira today appreciated to N1,662 per dollar in the parallel market from N1,668 per dollar on Thursday.
