Nigeria’s strengthening currency is steadily easing the cost burden of foreign currency obligations for corporates, as ...

The e-Naira introduced by the Central Bank of Nigeria (CBN) as digital currency will reduce the cost of annual diaspora remittances to Nigeria, the International Monetary Fund (IMF) has said.

Nigeria’s benchmark interest rate is likely to remain above 22 percent through 2026 as the Central Bank of Nigeria (CBN) ...

The President of the Dangote Group, Aliko Dangote, says President Bola Tinubu’s Naira-for-crude policy will slash the demand for foreign exchange (forex) by 40 per cent. Dangote said this on Tuesday ...

Sen. Ned Nwoko, has advised the Federal Government and the Central Bank of Nigeria (CBN) against any measures that is capable of artificailly forcing the Naira to gain value against other currencies.

The Nigerian naira continued to depreciate against the dollar at the official foreign exchange market on Tuesday as the Central Bank of Nigeria retained the interest rate at 27.50 percent. CBN’s ...

The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance the operational efficiency of local refineries by reducing foreign exchange risks and ...

The directive sent the naira to a range of 274 to 280 to the dollar in volatile trades on the unofficial market on Thursday, weaker than Wednesday's 270 naira. A bureau de change operator counts U.S.

Sen. Ned Nwoko, has advised the Federal Government and the Central Bank of Nigeria (CBN) against any measures that capable if artificially forcing the Naira to gain value against other currencies.