Tag: Naira
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Naira strengthens across markets as CBN sells dollars to BDCs
The Central Bank of Nigeria (CBN) sold dollars to the Bureau De Change (BDC) Operators for N1,251, which resulted in the naira strengthening on...
Naira Hits 2-Month High at N1,382 Amid CBN’s FX Adjustments
Nigeria's naira strengthened on Thursday at the official foreign exchange market, reaching a two-month high of N1,382.35 per dollar. This increase was facilitated by...
FG Warns FX Speculators To Dump Dollars To Avoid Tears, Assures That Naira Will Appreciate
Special Adviser on Information and Strategy to president Bola Ahmed Tinubu, Bayo Onanuga, has warned forex speculators to dump dollars assuring that the Naira...
Ease as CBN eventually eliminates the entire legitimate FX backlog
The Central Bank of Nigeria (CBN) said on Wednesday that it had finally paid off all legitimate foreign exchange backlogs, processing claims totaling US$7...
Naira gains 4.55% as a result of CBN clearing the FX backlog
Since the Central Bank of Nigeria (CBN) cleared all foreign currency (FX) backlog, the value of the naira has steadily improved, gaining 4.55 percent...
