Naira

Binance discontinues Nigeria naira services

Binance, the top cryptocurrency exchange, announced the discontinuation of all Nigerian naira services on...

CBN’s big rate hike hasn’t helped the naira just yet. Here’s why

After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg...

Binance executives detained in Nigeria after flying in for talks

Two top executives at Binance were detained in Nigeria on Wednesday as the country...

CBN announces huge interest rate hike in response to naira crisis

The Central Bank of Nigeria (CBN) has announced a significant 400 basis point increase...

Stocks, naira down. What worsening economy means for Nigerians

Nigeria's economic woes intensified on Monday, with both the naira and stock markets experiencing...

Naira hits new low of 1,650 per dollar in intraday trading

The naira fell to another record low of 1,650 to the dollar in intraday...

Naira tumbles to new low as dollar scarcity persists

The naira plunged to a new record low on Thursday, inching closer to the...

Naira falls to new intraday low on official market

Naira dipped to its lowest official mark ever on Tuesday, briefly touching 1,248 against...

Naira resumes decline as CBN faces more FX backlog

The naira weakened on Wednesday despite efforts by the central bank to clear a...

Why naira is suddenly gaining against dollar

The injection of dollars into the Nigerian foreign exchange market and the central bank’s...