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Monday, September 21, 2020
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Naira Crashes Heavily Against Dollar

Naira crashed to a new 3-year low against the dollar, closing at N470/$1 on Wednesday, July 15, 2020.  However, on the officially...

Naira crashes to N463 at black market, as ECA drops to N72.41m

The Naira fell to N463 to a dollar on the black market Thursday from 461 the previous session after the Central Bank of...

Forex constraint devalues naira to N380 per dollar

The CBN has however retained N360 as its official exchange rate on its website as of Friday. Shortage...

Dollar Trades N445 at Black Market Friday

At the close of the first week of the easing of lockdown on Friday, the Naira depreciated as much as N8 against...

CBN resumes dollar sales for SMEs, school fees

In view of the gradual easing of the COVID-19 lockdown both globally and in Nigeria, the Central Bank of Nigeria (CBN) says...

Naira Falls To N410/$ on Parallel Market

Nigeria’s local currency, the Naira, depreciated to N410 to the US dollar on the Parallel market on Friday in the face of...

Naira Hits New Low at N395 per US Dollar on Black Market

The Nigerian Naira fell to a new low on the black market as it fell to N395 to the dollar on Monday.

CBN denies Naira devaluation

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Saturday clarified that the recent jump in foreign exchange rate...

CBN devalues naira to N380/$1

Barley a week after it insisted that it was not about to devalue the naira, the Central Bank of Nigeria (CBN) yesterday...

Coronavirus: CBN reduces interest rate on N3tn intervention fund to 5%

The Central Bank of Nigeria on Monday announced policy measures to tackle the impact of Coronavirus on the economy.

Naira crashes as dollar sells for N420

On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the market.

Analysts Predict Naira Devaluation To N400/$

According to analysts, the Nigerian currency is expected to depreciate between 10 and 20 per cent next year as the impact of...
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