Nigeria’s government has intensified efforts to curb the cultural practice of “spraying” naira notes at social events, a tradition where money is thrown...
In recent months, Nigeria’s Central Bank has implemented a series of policy reforms aimed at stabilizing the naira and addressing the nation’s economic...
The Nigerian naira has experienced notable fluctuations over the past year, prompting discussions about its potential rebound. In June 2023, the Central Bank...
The Nigerian naira has been experiencing unprecedented volatility, significantly impacting both the economy and individual financial well-being. In March 2025, the naira depreciated...
The Naira appreciated marginally in the parallel market yesterday, improving to ₦1,660 per dollar from ₦1,662 per dollar recorded over the weekend. However,...
The naira experienced renewed depreciation against the dollar on Wednesday at both the official and black market foreign exchange rates. Data from FMDQ...
The supply of the U.S. Dollar and other foreign currencies surged by 117 percent at Nigeria’s foreign exchange (FX) market on Friday, boosting...