The value of the dollar has depreciated significantly in the official and unofficial foreign exchange marketsNew data showed ...

CBN announced the deadline extension on Monday, February 3, 2025, allowing eligible operators to access the official window ...

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The newest generation of startups aiming to solve cross-border payments are focusing on stablecoins -- cryptocurrency coins often pegged to actual currencies or other commodities to help them keep ...

Well-known Nigerian politician, public servant and administrator Osita Chidoka is a sought-after voice on national issues. In ...

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Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The recent release from prison of prominent Nigerian atheist, Mubarak Bala, is ...

Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has vowed to tackle commoditisation ( buying and selling) of Naira notes, which has become widespread in the country.

The Central Bank of Nigeria has encouraged businesses to adopt export activities as a strategy to maximise opportunities presented by the weakened naira. This appeal was made by the Deputy ...

President Bola Tinubu embarked on Nigeria's boldest reforms after he took office in 2023 by scrapping a decades-old petrol subsidy and devaluing the naira currency in an effort to jump-start growth.

The Nigerian currency, the naira, appreciates against the dollar in the foreign exchange market. Photo credit: Bloomberg/contriburor Source: Getty Images Friday's exchange rate represented 0.06% or ...