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April 18
Nigeria: BDCS Now Buying Dollar At N980 - - Abcon President
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market and selling at N1,020/$. Read more »
April 17
Nigeria: Naira Appreciation Will Impact Inflation Between Three to Six Months - - Teriba
The chief executive of Economic Associates, EA, Dr Ayo Teriba, has said the recent Naira appreciation will impact the country's inflation between three to six months. Read more »
April 01
Nigeria: Naira Gained N350 in March, Biggest in 5 Years
ABCON attributes stability to BDCs Read more »
March 28
Nigeria: Explainer - Is Binance Exit From Nigeria a 'Blessing' to Naira?
Binance is a cryptocurrency exchange platform founded in 2017 by Chinese-Canadian developer, Changpeng Zhao (aka CZ). Read more »
March 11
West Africa: Binance, Nigeria and the Trouble Worldwide
Binance is widely regarded as the largest cryptocurrency platform globally, facilitating billions of dollars in transactions daily. It has over 179 million registered users as of… Read more »
March 05
Nigeria: Experts Rate Blockdag Crypto's 5000 Percent Roi Potential Higher Than Injective (Inj) Forecast and Ethereum Evolution
The latest Injective (INJ) forecast has been the talk of the town and signals a promising rally in the crypto market. Furthermore, the evolution of Ethereum has also been a… Read more »
March 04
Nigeria: Ethiopian Airlines Rues Naira Devaluation, Inaugurates $55m E-Commerce Facility
The Group Chief Executive Officer of Ethiopian Airlines, Mesfin Tasew, has said the devaluation of naira has affected the airline's cash flow management but stated that it has not… Read more »
March 03
Nigeria: Mutilated Banknotes Hindering Our Businesses - N/East Traders
Traders in the North East geopolitical zone of the country have said that the increasing amount of mutilated banknotes in circulation is hindering small business transactions in… Read more »
February 28
Nigeria: Currency Crisis and Electoral Dynamics - Navigating Nigeria's 2023 Polls
The currency swap initiative launched by the Central Bank of Nigeria (CBN) ahead of the 2023 general elections had profound implications on the electoral process and the broader… Read more »
February 22
Nigeria: Naira Needs Urgent Attention
The depreciation of the naira has been a long-standing issue in Nigeria, with the currency consistently losing value against major global currencies such as the US dollar. This has… Read more »
February 14
Nigeria: Key Steps to Improve and Protect the Naira
The first step toward improving and protecting the naira is the removal of fuel subsidy completely. Number 2, is the export of cash crops driven through the banking system and the… Read more »
February 12
Nigeria: 'Freed' but Still Bound - Why Liberalising the Exchange Rate Is a Bad Option for the Naira
In recent years, the naira-dollar market in Nigeria has so far been liberalised twice. The first, in June 2016 and the second, in June 2023. Both moves have significantly… Read more »
December 14, 2023
Nigeria: We're Addressing Cash Scarcity, N3.4tn Now in Circulation - CBN
The Central Bank of Nigeria has reassured Nigerians that there are enough naira notes in circulation to meet their cash needs. Read more »
November 14, 2023
Nigeria: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry
Naira scarcity is biting harder across the country as banks have limited cash withdrawals, findings by Daily Trust have shown. Read more »
November 09, 2023
Nigeria: Old Banknotes Remain Legal Tender - Central Bank
The Central Bank of Nigeria says both the redesigned and old banknotes remain legal tender while urging Nigerians to accept both notes for transactions. Read more »
November 08, 2023
Nigeria: Tinubu Will Shock Currency Speculators - Presidency
The presidency has disclosed that President Ahmed Bola Tinubu's administration is working on policies that will strengthen the naira. Read more »
October 19, 2023
Nigeria: After $1bn Drop, Nigeria May Suffer Further Decline in Forex Inflows - Report
Nigeria still has a long way to go in recovering from the slump in foreign exchange inflows into the economy as the country is projected to suffer further decline. Read more »
August 10, 2023
Nigeria: Naira Inches Towards N1000/$1 At Parallel Market
The naira plunged to a record low of N925/$1 on the parallel market yesterday as demand for foreign currency outstripped supply. Read more »
March 12, 2023
Nigeria: Old Naira Notes Remain Legal in Bayelsa Till December 31 - Govt
The Bayelsa State Government has said that based on the Supreme Court ruling of March 3, the old naira notes of N500 and N1,000 will remain legal tender in the state till December… Read more »
February 19, 2023
Nigeria: How Naira Crisis Is Affecting Farmers, Herders Without Bank Accounts
Farmers and herdsmen have suffered losses in Taraba State as a result of the scarcity of naira notes, which has crashed prices of grains and cattle. Read more »
February 10, 2023
Nigeria: Naira May Weaken After New Notes Circulate, As Ghana's Cedi Appreciates
The naira has held fairly steady on the back of the chaotic currency exchange programme, but analysts say its weakness against the dollar will likely resume as the new currency… Read more »
November 03, 2022
Nigeria: CBN's Naira Redesign Triggers Panic Buying of Grains, Price Hike
The harvest season has begun in earnest across the country but the prices of major grains are rising instead of coming down as expected. Read more »
Nigeria: eNaira Records N8bn Transactions in 1 Year - Emefiele
Nigeria's Central Bank governor, Mr Godwin Emefiele, said the value of transactions on the country's digital currency, the eNaira, has hit N8 billion. Read more »
November 01, 2022
Nigeria: Naira Redesign - Dollar Scarcity Hits BDCs, Sells At N818/U.S.$
The naira fell to N818/$1 at the parallel market on Monday in Abuja and N815 in Lagos as it continued to lose its value. Read more »
October 31, 2022
Nigeria: Naira Redesigning - 10 Changes Made to Nigeria's Currency Since Independence
The Central Bank of Nigeria (CBN) last Wednesday announced that it would redesign the country's N200, N500 and N1,000. Read more »
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