The Nigerian Naira weakened against the dollar on Wednesday as the central bank continues to experience anxiety from reduced foreign exchange inflows amid falling oil production....
The Naira exchanged at N705 to a United States Dollar in Lagos, Abuja and a few other states
The Central Bank of Nigeria (CBN) on Thursday unveiled *997# as the Unstructured Supplementary Service Data (USSD) code for e-Naira, the Central Bank Digital Currency (CBDC).
The dollar to Naira exchange rate deteriorated with Nigeria's persistent forex scarcity and rising demand for the United States Dollar.
Dollar to Naira exchange rate stood at N670 on Monday at the parallel market as scarcity remained an issue amid rising demand
Tunde Lemo has said arresting Bureau De Change Operators (BDcs) suspected to be hoarding U.S. dollars will only worsen the nation's economic position.
Persistent dollar scarcity amid economic uncertainties ahead of the 2023 general elections continues to drag on Nigeria's foreign reserves.
The Nigerian Naira is overvalued by 200% compared to most global currencies that are undervalued.
The Naira was exchanged at N700 for a United States Dollar at the black market while operators of that section of forex bought the U.S. Dollar...
The Nigerian Naira declined further against the United States Dollar at the Central Bank of Nigeria's (CBN) section of foreign exchange on Wednesday.
