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Category naira exchange rate
Nigeria Resumes Dollar Sales to Money Changers Amid Naira’s Decline
The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the na...
Sep, 10, 2024
by Bitcoin News
Nigeria Plans to Include Fintechs in Broadened Official Currency Market
A Nigerian official recently said the foreign exchange-starved country plans to include “legitimate” market participants like bureaux de change and...
Oct, 26, 2023
2 min read
by Bitcoin News
Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The ce...
Jun, 18, 2023
2 min read
by Bitcoin News
Nigerian Central Bank Blasts Naira Devaluation Report — Publication Stands by Its Story
The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the local currency to N631 per dollar “is replete with ou...
Jun, 02, 2023
3 min read
by Bitcoin News