The naira showed renewed strength on Thursday, May 8, 2025, when it rebounded in the Nigerian Foreign Exchange Market (NFEM). The local currency closed trading at N1,608.10 per dollar, up from N1 ...

This year, the local currency has gained 2.69 per cent to 1,499.23/$ at the Nigerian Foreign Exchange Market, though it shed 1.7 per cent in February to close at 1,500/$ on the official market.

Nigeria’s currency slumped to an all-time low against the U.S. dollar Wednesday, pummeled by the tumbling price of oil, rendering the central bank’s staunch efforts to stem the decline ...

Nigeria is battling to contain a historic currency crisis and soaring inflation, with the IMF warning that almost one in 10 face food insecurity.

Nigeria’s central bank sold dollars to importers at 8% lower than its official rate for the currency, according to analysts. The Central Bank of Nigeria in “secondary market intervention sales ...

Nigeria is considering amendments to its foreign exchange laws to curb illegal fund transfers and insider dealing and stop individuals holding hard currency outside the banking system, a draft ...

Nigeria's local currency crude sales fall short of target, Dangote refinery says. By Isaac Anyaogu. November 22, 2024 10:25 AM UTC Updated November 22, 2024 Companies; Dangote ...

Nigeria’s push for a cashless society is taking another step as Africa’s most populous country will soon limit the amount of money citizens can withdraw each day.. Beginning Jan. 9, the ...

But in an email sent to its Nigerian users, the crypto giant said it was shutting down all its naira-based services on 8 March. “This affects NGN services only, you can continue to make use of ...

Binance will discontinue its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a blog post today. The cryptocurrency exchange will begin delisting any ...