The Central Bank of Nigeria (CBN) has encouraged businesses to adopt export activities as a strategy to maximise opportunities presented by the weakened naira. This appeal was made by the Deputy Governor of Economic Policy, CBN, Muhammad Abdullahi, on Tuesday during his keynote address at the 11th National Economic Outlook: Implications for Businesses in Nigeria 2025, organised by the Chartered …

The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has vowed to tackle the commoditisation (buying and selling) of Naira notes, which has become widespread in the country. CBN Governor, Mr. Olayemi Cardoso made this vow in a keynote address at the inaugural Stakeholders’ Conference of the Committee of Heads of Banks Operations (CHBO) in Lagos, with …

The Naira yesterday depreciated to N1,670 per dollar in the parallel market from N1,660 per dollar on Tuesday. Similarly, the Naira depreciated to N1,550 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) rose to N1,550 per dollar from N1,549 per …

The Naira yesterday depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Monday. The Naira appreciated to N1,549 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1,549 per dollar from N1,550 per dollar …

The Naira yesterday depreciated to N1,655 per dollar in the parallel market from N1,650 per dollar on Tuesday. Likewise, the Naira depreciated to N1,545 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) rose to N1,545 per dollar from N1,538 per …

The Naira yesterday appreciated to N1,650 per dollar in the parallel market from N1,665 per dollar on Monday. But the Naira depreciated to N1,538 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) rose to N1538 per dollar from N1,534.56 per …

The Naira today depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Thursday. But the Naira appreciated to N1,535 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1535 per dollar from N1,538.5 per …

The naira closed on Christmas Eve at an all-time low of N1,537 per dollar, marking a slight improvement from the previous day’s N1,538/$1. This new low surpasses the naira’s previous worst performance of N885.88/$1 recorded on 22 December 2023, signaling a significant deterioration in the currency’s value. Over the past year, the naira has weakened by an eye-watering 42 per …

The Naira yesterday appreciated to N1,660 per dollar in the parallel market from N1,662 per dollar last weekend. The Naira depreciated to N1,550 per dollar in the official foreign exchange market. Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria (CBN), showed that the indicative exchange rate for the naira rose to N1,550 …

The Naira today depreciated to N1,585 per dollar in the parallel market from N1,550 per dollar on Monday. However, the Naira appreciated to N1,525 per dollar in the official foreign exchange market. Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria (CBN), showed that the indicative exchange rate for the naira fell to …