CBN BDC forex policy allowing $150,000 weekly purchases is expected to boost liquidity, narrow rate gaps and support a stronger naira
CBN approves $150,000 weekly FX sales to BDCs to boost liquidity, narrow rate gaps and stabilise Nigeria’s foreign exchange market
The naira records its strongest performance against the US dollar since May 2024, with CBN Governor Yemi Cardoso expressing optimism over sustained FX market economic growth.
CBN data shows the Naira official market rate closed slightly weaker at ₦1,366.19 after midweek gains and fluctuating liquidity conditions
Naira strengthens against the dollar to ₦1,421.73, marking its best close since February as investor confidence rises and inflation continues to ease
Naira strengthens to ₦1,455.17 per dollar as Nigeria’s external reserves climb to $42.58bn, boosting investor confidence
FAAN launches Go Cashless policy to phase out cash payments at airports, aiming to triple revenue, improve efficiency and align with global standards
As three foreign airlines reject naira for ticketing in Nigeria, NANTA calls it economic sabotage and urges urgent government intervention to protect sovereignty
MEXC expands crypto access with new P2P trading for the naira, birr and rupee, targeting grassroots adoption in Africa and South Asia
The Nigerian Naira continued its impressive rally on Thursday, strengthening to N1,553.11 against the US dollar in the official forex market. Learn more about its steady...
