
Naira







Reverend Father Kelvin Ugwu, a Nigerian Catholic priest who resides in the Gambia, said he exchanged N5.5 million into Gambian Dalasi, and he got only D255,000.

The African Development Bank (AfDB) has predicted that about 21 African currencies, including the naira, will experience depreciations in 2025 and 2026.

The Central Bank of Nigeria (CBN) has raised the exchange rate to clear cargoes at Nigerian ports following the depreciation of the naira in the FX market.

The African Development Bank forecasts mixed performance for African currencies in 2025, with the naira and cedi expected to decline amid global uncertainties.

Currency traders and the CBN have revealed that the value of the naira dropped against the US dollar, pound, euro in official and unofficial exchange markets.

As many Nigerians look forward to the Democracy observance Day on May 29, 2025, the PDP has knocked President Bola Ahmed Tinubu on his two years in office.

A recent ranking has shown the African countries with the strongest currencies in May 2025, as the Nigerian currency, the naira, fell after a week-long rise.

The Central Bank of Nigeria (CBN) has intervened again in the FX market, selling $50 million to authorised dealer banks as the naira depreciated in the FX market.

The Central Bank of Nigeria has provided its latest exchange rate for the naira against the United States dollar and other foreign exchange currencies.
Naira
Load more