CBDC in Nigeria – things to know as CBN launches digital currency, e-naira
The CBN said it will launch a digital naira, e-naira on October 1 A Central Bank of Nigeria, CBN has…
Tag: Naira
IMF says Naira devaluation was rejected by the FG
Naira devaluation could further inflation rates The Nigerian government has rejected the advice by the International Monetary Fund, IMF to…
CBN: Naira Devaluation and Exchange Rate in November 2020
Central Bank of Nigeria, CBN devalued the Naira three times in 2020 In August the CBN reopened forex trade to…
Naira Values Higher to Dollar at NAFEX, Stable at the Parallel Market
With a recent new supply of dollar to the Bureau De Change operators, the naira has lingered at a stable…
Daily Euro, Dollar Exchange Rates At The Parallel Market
The naira is not resistant to the strengthening rates of dollar and euro which are recording high daily rates as…
What Gives The Naira Its Value Whether Weak Or Strong
Paying for goods and services in Nigeria is done with naira notes for a reason – it is the government…
Naira Rate Stable For NAFEX And The Parallel Market, Turnover Falls
For two days in a row, the parallel market maintained a stable naira rate of ₦472/$1 and closed the same…
Naira Weakens Further At The Parallel Market Trades 472/Dollar
The naira which traded at 470 at the parallel market almost all throughout last week has further dropped this week.…
WEEKAHEAD-Africa FX – Naira Weakens Against Dollars
The week ahead doesn’t look too good for the Kenyan and Nigerian currencies. Reuters Africa reports that both naira and…
Different Exchange Rates Of Nigerian Naira Explained
After a 5.5% devaluation of the naira to 381 per dollar, trading has been chaotic and Central Bank is the…