(Bloomberg) -- Nigerian commercial lenders are recirculating naira notes withdrawn under the central bank’s demonetization policy, after the nation’s Supreme Court ruled that they can remain legal ...

There is a massive spike in the demand for the US dollar in the official foreign exchange market, putting the naira on a ...

The naira on Monday extended its rebound in the official foreign exchange market, despite a 15.2% decline in weekly foreign ...

The Naira on Friday recorded its first appreciation against the United States Dollar after its depreciation streak since 2, ...

Commercial banks have joined the Central Bank of Nigeria (CBN) in the fight to save the naira by reducing dollar spendings abroad. Banks have announced temporary suspension of overseas Automated ...

Banks have announced stoppage of use of naira card for International online and Point of Sale (PoS) transactions. The banks also placed limits on how much a customer can withdrawal from offshore ATMs ...

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has accused commercial banks of being responsible for the scarcity of the new naira notes. The apex bank governor made the accusation on ...

(Bloomberg) -- A month after devaluing the naira, Nigeria’s central bank is intervening in the markets to prevent sharper losses in the currency, traders say. The naira fluctuated on Wednesday before ...

FAAC doles out N1.727trn out of N3.143trn gross November revenue to FG, states, LG Pulse reports that the disbursement of the redesigned N1,000, N500, and N200 bills finally commenced on Thursday, ...

ABUJA, June 7 (Reuters) - Nigeria's central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency's rate remained above where it trades at ...

ABUJA, Nov 6 (Reuters) - Nigeria's naira firmed to 1,000 per dollar on the black market on Monday, online platform abokiFX showed, recovering from a record low of 1,300 naira, after the central bank ...