Browsing Tag
Naira
62 posts
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.
Naira Maintains Stability at Official Exchange Market on July 20, 2026
The naira held steady at ₦1,379.64 per dollar in the official market on July 20, 2026, while parallel market rates remained higher due to sustained demand.
Nigerian Naira Declines Against Dollar Across Major Markets
The naira recorded a decline in both the parallel and official exchange markets on Friday, driven by supply shortages and increasing demand.
Nigerian Naira Exchange Rate Analysis: July 17, 2026
The Nigerian naira remained stable against the dollar on July 17, 2026, as the official exchange market shows minor fluctuations while analysts await the upcoming Central Bank policy meeting.