Naira Float

January 29, (THEWILL) -The Central Bank of Nigeria (CBN) has injected another $500 million into the market.in a move aimed at addressing the persistent backlog of verified foreign exchange transactions, THEWILL recalls that the apex bank had injected approximately $2...

October 18, (THEWILL) - Nigeria’s naira closed trading at a record low of N1,100 per dollar on the parallel market on Wednesday according to data from Aboki.fx, an online forex tracking platform. Lagos street currency traders who spoke to THEWILL...

October 05, (THEWILL) - The naira plunged deeper into depreciation on Thursday shedding 2.5 percent as it exchanged N775.20 to a dollar, against N756.21 it traded at the I&E window a day before. This is about the lowest dip in...

October 01, (THEWILL) - A seemingly innocuous memo from the Central Bank of Nigeria (CBN) to all banks, regarding their audited financial results in the first-half, 2023, has turned controversial. The memo has in fact become a cause for...

September 13, (THEWILL) - The Central Bank of Nigeria (CBN), has debunked viral social reports, that it is planning to introduce a new Naira policy in November, which will make $1 equal to N1.25. The apex bank issued the rebuttal...

August 20, (THEWILL) - In order to stem the slide in naira arising from dollar scarcity, the Central Bank of Nigeria (CBN) has announced additional guidelines for Bureau De Change (BDC) operators in an overall bid to improve efficiency...

August 16, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) Limited says it has secured a $3 billion emergency crude repayment loan to support the Naira and stabilise the foreign exchange market. The Corporation, in a statement on its X...

The naira plunged deeper to N948/$1 at the parallel market on Friday, August 11, 2023 – two months after Mr Godwin Emefiele was suspended from office as Governor of the Central Bank of Nigeria by President Bola Tinubu on...

Ten major manufacturing firms in Nigeria, mainly in the consumer goods group, reported a total of N517.1 billion in non-recovery, net foreign exchange losses in the first half of the year (HY 2023), arising from the devaluation of the...

July 25, (THEWILL) - Equities market extended its winning streak for the fourth consecutive session positive on Tuesday, as the benchmark index closed 1.11% stronger at 65,991.02 points against 65,268.28 on Monday. Gains in MTNN (+5.52%), ZENITHBANK (+0.86%),...