Browsing Tag
Central Bank of Nigeria
25 posts
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.
CBN Governor Cardoso Establishes Naira Ambassadors Club to Encourage Currency Preservation
Central Bank Governor Olayemi Cardoso has introduced the Naira Ambassadors Club for FCT students to encourage the proper care of Nigeria's currency and reduce replacement costs.