Naira/dollar

Naira Depreciates to ₦1,700 in Informal Market

The Naira continued its decline on Friday, falling to ₦1,700 per dollar in the parallel market, down from ₦1,675 per…

1 week ago

Hotels, School, Other businesses Owners Charging In Dollars Risk Arrest – EFCC

Hoteliers, school owners, and other businesses accepting payments in dollars face the threat of arrest, warns the Economic and Financial…

6 months ago

New Guidelines: CBN Requires Sellers to Declare Sources of Forex Above $10,000

The Central Bank of Nigeria (CBN) has issued new regulations mandating foreign exchange sellers to Bureau De Change (BDC) who…

7 months ago

BREAKING: Naira Plummets To ₦2,000/1£ in Parallel Market

Nigeria's local currency has soared above the ₦2,000 mark against the Great British Pound on the parallel market. Malam Ibrahim,…

8 months ago

CBN Initiates Dollar Sale To Banks First Time In Five Months

The Central Bank of Nigeria (CBN) sold nearly $90 million in the spot FX market on Tuesday, marking its return…

8 months ago

US to Repatriate $8.9m Stolen During Jonathan’s Administration Back to Nigeria

The United States Royal Court in Jersey has ruled for the return of stolen assets worth £6.9m ($8.9m) to Nigeria.…

9 months ago

Naira Weakens To 1,233/Dollar In The Parallel Market

On Monday, the naira weakened against the dollar, reaching 1,233/$ at the parallel market, as reported by Bureau de Change…

9 months ago

CBN Boosts Naira, Injects $6.7bn Into Banks For Forex Debts

The Naira is gaining strength against the US Dollar as the federal government takes steps to clear outstanding debts. In…

11 months ago