Naira

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...

February 03, (THEWILL) - The Naira lost a whopping N548.48 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) in January, 2024. This represents a 60.46 percent depreciation during the month. The local currency opened the month with N907.11 per dollar...

February 01, (THEWILL) - The Naira appreciated on Thursday morning, exchanging for N1,380 to $1 on the parallel market after it fell to over N1,500 on Tuesday and Wednesday. ThIs is coming amid fresh moves by the Central Bank...

February 01, (THEWILL) - Bureau De Change (BDC) operators in Abuja have announced an indefinite shutdown of business over scarcity of US dollars. Abdulahi Dauran, Chairman of the Abuja chapter of the Association of BDC, said online banking transactions...

January 24, (THEWILL) - In a scenario that suggests stiff resistance against the measures aimed at halting the steep depreciation of the naira, the local currency maintained its free fall at the parallel market on Tuesday, January 23,...

The Naira lost 96.5 percent in value, year-to-date, as it closed N907.11/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 29, 2023. This is N445.6 loss (representing 96.5 percent) against N461.5/$1 the local currency opened on January...

December 24, (THEWILL) - The Naira closed at N885.88 per dollar on Friday December 22, at the Nigerian Autonomous Foreign Exchange Market (NAFEM) as against N861.91 to the dollar it traded on the previous day, losing N23.97 in twenty-four...

December 14, (THEWILL) - The Central Bank of Nigeria (CBN) has reassured Nigerians of enough Naira notes in circulation to cater for their cash needs. CBN Acting Director, Corporate Communications, Mrs Hakama Ali, gave the assurance in a statement on...

December 09, (THEWILL) - Naira has plunged to N1,009.05 per dollar on the Nigerian Foreign Exchange Market (NAFEM), the lowest dip ever. Data from the FMDQ website showed that the troubled local currency succumbed to pressure to cross the...