Browsing Tag
Central Bank of Nigeria
11 posts
Naira Value Fluctuates Across Official and Informal Exchange Markets
The Naira weakened in the parallel market but saw a slight increase in value within the official Nigerian Foreign Exchange Market as trading turnover declined.
Naira Exchange Rates: July 13, 2026 Update
On July 13, 2026, the naira traded at ₦1,382.33 in the official market while maintaining a higher rate in the parallel market due to persistent demand.
Naira Weakens Against Dollar on July 10, 2026
The Naira dipped slightly in the official market on Friday while remaining unchanged in the parallel sector, despite a recent increase in Nigeria's foreign reserves.
Nigerian Naira Faces Decline Across Currency Markets on July 3, 2026
The Nigerian Naira weakened in both official and black market trading on Friday, July 3, 2026, despite a rise in the nation's external reserves.
Nigerian Naira Declines Against Dollar in Both Official and Parallel Markets
The Naira weakened against the dollar in both official and parallel markets yesterday, leading to a wider gap between the two rates as trading volume fell.
Federal Government targets N5.8 trillion via Q3 2026 Treasury Bills
The Central Bank of Nigeria aims to raise N5.8 trillion in the third quarter of 2026 through Treasury Bills to support federal government borrowing needs.
Naira Maintains Stability Against US Dollar on July 1, 2026
The Nigerian naira remained steady against the US dollar on July 1, 2026, with the official exchange rate hovering at ₦1,380.17 and a narrow spread maintained in the parallel market.
June 30, 2026: Nigerian Naira Experiences Initial Gains Against the Dollar
The Nigerian Naira recorded a minor gain against the dollar in the official market on June 30, 2026, marking its first appreciation in nearly a week.
Naira Exchange Rates: June 29, 2026 Update
On June 29, 2026, the Nigerian naira traded at ₦1,379.22 per dollar officially, while parallel market rates fluctuated between ₦1,400 and ₦1,405.
Hidden Banking Fees and the Erosion of Digital Payment Trust in Nigeria
Unexplained bank deductions are causing widespread consumer frustration in Nigeria, raising concerns that a lack of transparency in digital payment fees may be damaging public trust in the formal banking sector.