Naira

September 15, (THEWILL) – Nigeria, a giant nation in Africa and a major oil producing nation has engaged in a business aberration for decades - she sells her crude oil, her major source of revenue to the world in...

September 05, (THEWILL) – The naira recorded its worst performance in six months at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, September 4, 2024, where it exchanged for N1,625.88 to the dollar. This marks the lowest exchange...

August 23, (THEWILL) – A Central Bank of Nigeria (CBN) survey showed that businesses in the country say they expect the Naira to continue to depreciate in the next three months beginning from July, but will begin appreciation after...

April 8, (THEWILL) - The naira, on Monday, continued its impressive comeback against the United States dollar and other major currencies, with dealers exchanging the Nigerian currency at N1,155 buy rate and N1,185 selling rate to $1, respectively,...

March 25, (THEWILL) - The Central Bank of Nigeria (CBN) has sold $10,000 to each Bureau De Change (BDC) operator at the rate of N1,251/$1. The apex bank, in a statement issued by its Director, Trade and Exchange Department,...

March 07, (THEWILL)- Despite the travails and the planned exit of the crypto exchange platform, Binance, announced on March 5, 2024, the naira maintained a free fall for the second day, hitting N1,605.74/$1 on Wednesday, March 6. The domestic currency...

March 05, (THEWILL) - Cryptocurrency exchange platform, Binance, has announced that it will stop providing all services related to the Nigerian naira (NGN). Binance, in a statement published on its website on Tuesday, said, "Starting at 8:00 UTC on March...

March 03, (THEWILL) - Mr Ambrose Agada is a transporter and trader at the popular Ile-Epo Food Market in Alimosho Local Government Area of Lagos State. Every day, since the past three weeks, he watches helplessly as his record...

February 06, (THEWILL) - The Central Bank of Nigeria (CBN), on Tuesday, attributed the current hike in the exchange rate between the dollar and the naira, to increasing demand for dollars by Nigerian students studying abroad and those who...

February 05, (THEWILL) - The Governor, Central Bank of Nigeria, CBN, Dr Olayemi Cardoso, has, again, stated that the naira is undervalued. Dr Cardoso reiterated this position in an interview with Arise News Television Monday, stating that foreign investors...