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CBN resumes daily $20,000 forex sales to bureaux de change to stabilise the naira.
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Naira Falls to ₦1,610 Against Dollar: Market Update

The value of the Naira continued its downward trend on Thursday, February 15, depreciating to ₦1,610 against the United States

Nigerian Banks Encourage Foreign Currency Conversion
News

Nigeria’s Forex Market Sees Surge in Dollar Supply Amidst CBN’s Stabilization Efforts

Nigeria’s official foreign exchange market experienced a significant increase in dollar supply, reaching $440.13 million on Friday, amidst efforts by

Abuja Foreign Exchange Black Market Halts Trading Amid Naira Depreciation
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Abuja Foreign Exchange Black Market Halts Trading Amid Naira Depreciation

On February 1, in Abuja, Nigeria, the black market for foreign exchange abruptly halted trading, leaving customers stranded. The operators,