Browsing Tag
Central Bank of Nigeria
25 posts
Naira experiences mixed performance across official and parallel markets
The naira slipped to N1,415 per dollar in the parallel market while gaining ground in the official exchange sector.
Currency Exchange Update: Naira and Dollar Rates for July 28, 2026
A look at the naira's performance against the dollar on July 28, 2026, highlighting the narrowed gap between official market rates and the parallel sector.
Naira experiences decline against dollar in parallel and official markets
The Nigerian naira weakened to N1,407 per dollar in the parallel market and N1,364 in the official market, as trading volumes dropped significantly.
Cardoso and Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum in Abuja
Central Bank Governor Olayemi Cardoso and WTO leader Ngozi Okonjo-Iweala will headline the 7th Africa Emerging Markets Forum in Abuja to address economic resilience.
Naira Performance Against the US Dollar: July 24, 2026
On July 24, 2026, the Nigerian naira showed stability, trading at ₦1,369.92 in the official market and approximately ₦1,420 in the parallel market.
Private sector lending reaches N83 trillion amid rising money supply
Central Bank of Nigeria data indicates private sector credit grew to N83.3 trillion in June 2026, while broad money supply increased to N133.2 trillion amid a decline in cash held outside the banking system.
Nigerian Naira Hits Weekly High Against US Dollar on July 22, 2026
The Nigerian naira strengthened significantly in both official and parallel markets on July 22, 2026, reaching its highest weekly gains as external reserves climbed to $52.03 billion.
Atiku Abubakar urges National Assembly to cross-examine OAGF and CBN heads on PFIPC funds
Former Vice President Atiku Abubakar has demanded that the National Assembly summon the heads of the OAGF and CBN to resolve conflicting testimonies regarding the PFIPC accounts scandal.
Naira Gains Strength Against Dollar in Parallel and Official Markets
The Naira strengthened to N1,409 per dollar in the parallel market and improved to N1,374.5 in the official NFEM as trading turnover increased.
Central Bank confirms lower denomination naira notes remain valid currency
Governor Olayemi Cardoso reaffirms that small denomination naira notes remain valid currency, citing supply and demand as the primary reason for their current scarcity.