CBN Warns Against Naira Abuse, Launches Ambassadors Club to Promote Proper Currency Handling
The Central Bank of Nigeria (CBN) has expressed concern over the growing abuse of the naira, warning that the defacing, ...
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Tag: #Naira
Naira Edges Higher Against Euro Amid Improved FX Stability and CBN Policy Support
The Nigerian Naira recorded a slight appreciation against the Euro in the fourth trading session of the week, according to ...
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Naira Holds Steady at N1,361/$ as CBN Interventions Support Currency Stability
The Nigerian naira recorded relatively stable trading movements in the first half of the week, settling at around N1,361 to ...
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Naira Holds Steady at ₦1,373/$ as Forex Market Maintains Stability
The naira remained stable against the United States dollar on Wednesday, according to the latest available data from the Central ...
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CBN Survey: Businesses Expect Gradual Naira Recovery Despite Economic Pressures
Nigeria’s businesses expect the naira to gradually strengthen against the United States dollar in the coming months, even as high ...
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CBN Mops Up N4.48 Trillion in Liquidity as Banking System Cash Balances Fall Sharply
The Central Bank of Nigeria has withdrawn a total of N4.48 trillion from the banking system within two sessions over ...
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Forex Volatility Worsens as Black Market Pressure Widens Gap with Official Exchange Rate
Volatility in Nigeria’s foreign exchange market has been linked to fiscal leakages, speculative trading and arbitrage activities, as the gap ...
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Bonny Light Hits $120 as Naira Faces Pressure Amid US-Iran Tensions
Crude oil prices surged this week due to the ongoing US–Iran conflict, with Bonny Light crude reaching $120 per barrel. ...
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Naira Hits N1,345/$ Amid Stable FX Trading Despite Slight Dip in Reserves
The naira strengthened to N1,345 per dollar at Nigeria’s official foreign exchange market on Tuesday, marking its strongest level since ...
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Cash Outside Banks Drops by N197bn as Money Supply Declines in January
Cash held outside Nigeria’s banking system declined by N197.68bn in January 2026, even as overall liquidity in the economy weakened, ...
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