The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday. The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date. The Naira appreciated to N1,596 per dollar in the Nigerian Foreign Exchange Market (NFEM), Data published by the Central …

The naira yesterday depreciated to N1, 610 per dollar in the parallel market from N1,605 per dollar on Tuesday. Similarly, the Naira depreciated to N1,612 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the naira rose to N1,612 per dollar from N1,609 per dollar …

Justice Yellin Bogoro of the Federal High Court, Ikoyi, Lagos, on Friday, sentenced two women; Folake Adeoti and Modupe Adewuyi, to one year imprisonment each for hawking Naira notes in violation of the Central Bank of Nigeria (CBN) Act. According to a Sunday statement posted on X by the Economic and Financial Crimes Commission (EFCC), the defendants were arraigned on …

Nigeria’s Money Supply (M²) increased by 3.16 per cent month-on-month (MoM), to N114.2 trillion in March 2025 from N110.7 trillion in February 2025 According to the Central Bank of Nigeria (CBN), Money and Credit Statistics data the MoM increase in money supply followed positive changes in its components. Quasi-money, including savings deposits, time deposits, and other near-money assets,rose significantly. The …

The naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,575 per dollar on Tuesday. But the Naira appreciated to N1,611.55 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by FMDQ, showed that the indicative exchange rate for the naira fell to N1,611.55 per dollar from N1,612.24 per dollar on Tuesday, indicating 69 kobo …

Two dangerous rumours grew wings and spread like wildfire in the harmattan haze last week, but thank goodness the Presidency moved swiftly to shoot them down. The first rumour was that the government had given the Central Bank of Nigeria (CBN) the nod to introduce N5,000 and N10,000 denominations in addition to the existing denominations, the highest of which is …

The naira depreciated by 2.4 per cent and 2.6 per cent in March at both the Nigerian Autonomous Foreign Exchange Market window and the parallel market compared to the previous month. According to the latest Afrinvest Monthly Market Report titled ‘Analysing Global and Nigerian Economies & Financial Markets’, the naira dropped to N1,536.82/$ and N1,530.00/1.00 at the NAFEM window and …

The Naira yesterday depreciated to N1,629 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 rose to N1,629 per dollar from N1,600 per dollar last week Friday, indicating N29 depreciation for the naira. Likewise, the naira depreciated to N1, 570 per dollar …

The Naira yesterday appreciated to N1, 590 per dollar in the parallel market from N1,600 per dollar last weekend. The Naira depreciated to N1,549 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 rose to N1,549 per dollar from N1,548 per dollar …

Nigerian naira has slumped massively against the dollar across parallel and official foreign exchange markets. At the black market, the Naira depreciated to N1,580 per dollar on Thursday from N1,525 traded on Wednesday. This means in a single day, the Naira lost N55 against the dollar compared to the N1,525 per dollar exchange rate on Wednesday. A Bureau de Change …