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Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has vowed to tackle commoditisation ( buying and selling) of Naira notes, which has become widespread in the country.

The Nigerian currency, the naira, maintained its week-long losing streak on Wednesday, January 15, 2025, falling by 0.09% in the Electronic Foreign Exchange Market System (EFEMS). The naira opened ...

The Naira yesterday depreciated to N1,670 per dollar in the parallel market from N1,660 per dollar on Tuesday. Similarly, the Naira depreciated to N1,550 per dollar in the official foreign ...

This statement comes on the heels of a Bloomberg report highlighting an unusual period of stability for the naira. The Naira finds its footing as it stabilises: Bloomberg report A year after an ...

The value of the naira has depreciated further against the US dollar in the foreign exchange markets New data from FMDQ Securities shows that the naira fell slightly on Tuesday in the official market ...

The naira dropped against the dollar at official and parallel foreign exchange markets at the close of Wednesday amid Nigeria’s inflation rise. FMDQ data showed that the naira weakened further ...

Nigeria has lost $310 billion in its gross domestic product (GDP) in the last decade, driven by naira devaluation, low productivity and stagflation – a combination of high inflation, stagnant economic ...

A recent report by Bayo Adedipe and Associates suggests the Naira will settle at N1,574/$1 in 2025. For context, the exchange rate closed in 2024 at N1,553/$1, marking only a slight shift. Nairalytics ...

The year 2025 is shaping up to be a year of hope or hubris for the Naira. Optimists believe that after two years of wild swings, Nigeria’s currency might finally settle into something resembling ...

The naira continued its decline against the dollar at the official foreign exchange market on Monday. FMDQ data showed that the naira weakened to N1,548.89 against the dollar on Monday from N1,543 ...

Microsoft has recently introduced a new collection of desktop wallpapers to its website, offering a wide variety of wallpapers for download. The latest collection, ‘Fluid Textures,’ was designed by 3D ...