The naira is seen depreciating further and may hit the 500 mark to the United States dollar at the parallel market next week as the greenback scarcity persists and the Central Bank of Nigeria cuts supply...

The nation’s foreign exchange reserves have risen to over three-month high of $25bn, according to data on the website of the Central Bank of Nigeria. Specifically, the statistics showed that the external...

The naira is expected to trade in a tight range at the official and parallel markets next week as the Central Bank of Nigeria struggles to curb speculation on the local currency and reduce pressure on...

The naira plunged further against the United States dollar to a new record low of 480 on Thursday, down from 472 it recorded on Wednesday. The currency had continued its two-week free fall on Monday,...

The naira slumped to a new all-time low of 470 to the dollar on the parallel market on Wednesday, posting its biggest daily decline since the Central Bank of Nigeria adopted a flexible foreign exchange...

The naira slumped to a new all-time low of 470 to the dollar on the parallel market on Wednesday, posting its biggest daily decline since the Central Bank of Nigeria adopted a flexible foreign exchange...