Naira Weakens in Official Market, Closes at N1,602/$1
The naira closed Friday’s trading session in the official market at N1,602/$1, a 0.31% decline from its previous rate of ...
Tag: CBN
CBN reportedly Fines Paystack N250 million Over Zap Infractions
The CBN took issue with Zap functioning like a wallet, something Paystack isn’t licensed to operate.
Naira Maintains Stability in Official Market, Closes at N1,600/$1
The naira experienced a mild appreciation against the dollar on Tuesday, as it traded at N1,599.71/$1, from the previous day's ...
Naira Continues to Hold Ground on Friday
The naira held its ground on Friday in the official market, as it closed at N1,600/$1, a mild appreciation from ...
Naira Holds in Official Market, Closes at N1,600/$1
The naira closed at N1,600/$1 on Thursday in the official market, maintaining the same rate it traded on Wednesday. This ...
Naira Weakens Slightly, Closes at N1,604/$1 in Official Market
The naira began the week on a softer note, closing at N1,604.48/$1 in the official foreign exchange market on Monday. ...
CBN Intervention Fails to Hold Naira as it Closes at N1,604/$1
The naira experienced a turbulent week, continuing its decline against the dollar and closing at N1,604/$1 on Friday — a ...
CBN Spends $669m to Defend Naira in Q1 2025 – Report
The Central Bank of Nigeria deployed approximately $669 million in foreign exchange (FX) interventions during the first quarter of 2025. ...
Naira Depreciates to ₦1,552/$1 in Official Market
The naira depreciated by 1.39% to ₦1,552.53/$1 on Thursday, down from ₦1,531.25/$1 on Wednesday. Last week, the currency ended on ...
Naira Closes at N1,536/$1 in Official Market
The naira closed at N1,536.82/$1 on Friday in the official market, appreciating by 0.11% from Thursday’s close. Throughout the week, ...
Naira Falls in Official Market, Closes at N1,538/$1
The naira depreciated to N1,538.66/$1 in the official market on Thursday, weakening slightly from N1,537.62/$1 recorded the previous day. During ...
Naira Weakens Further at Official Market, Closes at N1,537/$1
The naira continued its downward slide on Wednesday, closing at N1,537.62/$1 in the official market — a 0.33% drop from ...
Why Zumax Nigeria Sued Central Bank of Nigeria
Zumax Nigeria Limited, a Nigerian oil and gas company, has filed a lawsuit against the Central Bank of Nigeria (CBN) ...
Naira Dips Slightly to N1,532/$ in Official Market
The naira depreciated marginally on Tuesday, closing at N1,532.39/$1 in the official market, a 0.07% drop from the previous rate ...
Naira Improves against Dollar, Closes at N1,531/$1
The naira closed Monday’s trading session at N1,531.19/$1 in the official market, appreciating by 0.37% from its previous close of ...