The naira has appreciated against the dollar in the official foreign exchange market on Thursday, May 8, 2025, trading at N1,608 per dollar from N1,612.

The value of the naira in the Nigerian Foreign Exchange Market depreciated further against the United States dollar and British pound but gained to the euro.

Nigeria’s naira is poised for its worst year since the return to democracy in 1999, with analysts predicting further depreciation in 2024.

Following the Central Bank of Nigeria’s circular, a consortium of banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, to launch in 2024.

Nigeria's naira currency fell to a new record low in intraday trading on Thursday, FMDQ Exchange data showed on Friday, dropping below rates quoted on the parallel market despite the central bank ...

Nigeria’s naira plunged the most in almost four months to an unprecedented level in the official market as the West African nation’s move to a more flexible exchange rate puts pressure on the ...

Nigeria's naira hit a record low of 1,300 per dollar on the black market on Thursday, online platform abokiFX showed, driven by thin trading volumes on the parallel market and dollar shortages on ...

On Jan 4, the Africa Stablecoin Consortium (ASC) announced that the Central Bank of Nigeria had greenlit their cNGN Naira stablecoin project under their sandbox.

The Nigeria naira fell to a record low on the official market on Friday, with lenders quoting it 7.7% weaker against the dollar, following a currency devaluation aimed at unifying multiple ...

Nigeria's naira fell to a record low on the black market on Wednesday, driven mostly by speculative demand as individuals turn to the dollar as a store of value, traders said. The unit was quoted ...

The Naira yesterday sustained its upward trend rising to its highest level in seven months in the parallel market, where it appreciated to N1,500 per dollar from N1,530 per dollar last weekend.