Browsing Tag
Naira
45 posts
Dangote Refinery Adjusts Petrol Price and Reintroduces Naira Transactions
Dangote Refinery has officially resumed selling petrol in naira, setting a new ex-gantry price of N1,215 per litre following a recent period of dollar-denominated sales.
Dangote Refinery Recommences Naira-Based Petrol Sales at N1,215 Per Litre
Dangote Refinery has resumed petrol loading in naira at a new price of N1,215 per litre following a week-long suspension, even as depot and retail prices continue to rise nationwide.
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.
CBN Governor Links Low Circulation of N100 and N200 Notes to Digital Shift
Governor Olayemi Cardoso asserts that N100 and N200 notes are still legal tender, attributing their reduced visibility to the expansion of digital payments and the effects of inflation on purchasing power.
Currency Exchange Update: Dollar to Naira Rates for July 22, 2026
On July 22, 2026, the naira traded at ₦1,381.68 per dollar in the official market, while the parallel market saw rates reaching ₦1,413 per dollar.
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.
Nigerian Naira Strengthens Against Dollar Following CBN Rate Decision on July 21, 2026
The Naira gained value in the official market on July 21, 2026, while the CBN opted to keep the interest rate unchanged at 26.50 percent.
Naira Exchange Rates Against the Dollar for July 21, 2026
The Nigerian naira held steady against the US dollar on July 21, 2026, as the market awaited updates from the Central Bank of Nigeria regarding monetary policy and liquidity.
Naira Gains Value Against Dollar Ahead of Critical CBN Policy Meeting
The naira strengthened slightly in official trading on Monday as the market prepares for the Central Bank of Nigeria's latest interest rate decision.