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Naira ends year with 96.55% loss to dollar at official market

The foreign exchange (FX) market trading closed for the year on Friday…

6 Min Read

Banks begin deduction of e-money transfer levy on foreign currency transactions

Nigerian banks have begun deduction of N50 electronic money transfer levy (EMTL)…

3 Min Read

Naira hits all-time low of N1,043.09/$ at official market

Naira on Wednesday hit a record low of N1,043.09 per dollar, following…

2 Min Read

Banks to close early on Friday, direct customers to digital channel

Deposit Money Banks (DMBs) and other financial institutions have notified customers about…

2 Min Read

CBN issued N2.4trn banknotes in 6months as cash crunch persists

The total currency issued by the Central Bank of Nigeria (CBN) amounted…

5 Min Read

Naira gains as dollar supply rises by 38.81%

The foreign exchange (FX) market resumed trading after the Christmas holidays, with…

4 Min Read

‘Your money is safe’-CBN tells depositors

The Central Bank of Nigeria (CBN) has assured depositors that their funds…

1 Min Read

External reserves loses $4.28bn as naira maintains fall in 2023

Nigeria's external reserves have depleted by 11.55 per cent ($4.28 billion) year-to-date…

4 Min Read
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