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Naira counterfeiting is less than one per cent – CBN

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The Central Bank of Nigeria (CBN) has denied reports that about 20 per cent of the Naira currency notes in circulation are counterfeited. In a...

Naira strengthens against dollar

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The naira on Friday strengthened against the dollar in all segments of the foreign exchange market. At the interbank market, the currency gained N1.45 to...

Plane crashes imminent in Nigeria – Senate

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The Senate on Thursday warned of imminent plane crashes in the country if the aviation industry was not fixed immediately. The alert followed a motion...

Naira sold at 436 to one dollar

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The Naira on Thursday crashed further against the major currencies in all the segments of the market, the News Agency of Nigeria reports. At the...

Naira at record closing low as dollar shortages linger

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The naira was stuck at a record closing low of 292.90 to the dollar on Wednesday after just one transaction was carried out, with...

Naira plummets as currency floats for first time

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The naira plunged 40 percent in value on Monday after the Federal Government allowed the currency to float, with businesses welcoming the move as...

IMF hails Nigeria’s decision to end currency peg

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The International Monetary Fund (IMF) said on Thursday it welcomed the decision by the Central Bank of Nigeria (CBN) to abandon its currency peg...

Naira falls to 367 as dollar scarcity hits black market

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The naira was quoted at 367 on the black market on Wednesday, down 1.6 percent against the dollar as delays by the Central Bank...

Naira maintains value to dollar at parallel market

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The naira on Tuesday traded at N350 to the dollar, maintaining its value since Friday. It, however, weakened further against the pound sterling. The naira exchanged...

CBN set to weaken the naira, warns of imminent recession

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The Central Bank of Nigeria (CBN) on Tuesday abandoned its naira peg to the dollar in favour of a flexible currency regime, a policy...