Nigerian currency

Trading Forex in Nigeria: The Dynamics of the Nigerian Currency

In the forex market, the Nigerian currency, the naira (NGN), presents a unique set of…

Flexible FX rate further ruins Naira, now N378 to US Dollar

The Naira on Friday depreciated further against the dollar, Pound Sterling and the Euro in…

Naira tumbles 30% officially

The Naira slumped 30 percent against the dollar on Monday after the Central Bank of…

Naira, stocks appreciate

The Naira on Monday appreciated by 4.4 per cent against the dollar at the parallel…

Naira weakens at the parallel market

The Nigerian naira weakened against the dollar on Monday on the parallel market after a…

Naira suffers setback in Forex market, rate slumps to N224

The Nigerian naira reversed its gains against the dollar on the parallel market on Tuesday…

Naira takes further bashing in market, now N240 to a dollar

Nigeria's currency, the Naira hit fresh lows against the dollar on the parallel market on…

Naira hits record low, N232 to a US dollar

Nigeria's currency was quoted at a record low of 232 naira to the dollar on…

Naira gets worst hammering in five years under Jonathan

Nigeria's currency suffered this February, its biggest monthly fall in over five years coinciding with…

Naira falls to N189 per dollar, CBN bans banks from holding dollar reserve

Nigeria's central bank has barred banks from holding their own funds in dollars in order…