Nigerian banks have taken a new approach to stem the declining value of the Nigerian currency, the naira Following the naira’s slide, commercial banks have devalued FX rate on naira debit cards for ...

The Nigerian Naira exhibited various response patterns amid the U.S dollar's weakening in the global market. The Naira has ...

Nigeria’s currency outside the banking system closed 2025 at a record high of N5.4 trillion, underscoring a sharp rise in ...

Nigeria's naira has strengthened after banks resumed international transactions using naira debit cards, following a three-year pause Major banks made this move as foreign exchange liquidity improved, ...

Commercial banks have lifted over three years moratorium on the use of naira-funded debit cards abroad as dollar liquidity rises. A Tier-1 bank and mid-tier bank, United Bank for Africa (UBA) Plc and ...

Banks are inducing their customers to sell the foreign currencies domiciled in their branches, The Nation has learnt. Some of the banks, it was discovered, have developed platforms to sensitise ...

Meanwhile, the naira experienced a slight depreciation of N1.38 on Thursday, with the dollar quoted at N1,422.07, compared ...

Rayyan Microfinance Bank has announced the launch of two billion naira in projects aimed at supporting Micro, Small and ...

Standard Bank Group Ltd.’s chief said the Nigerian central bank’s moves to revamp the nation’s foreign-exchange market and allow the naira to weaken are necessary to create order. “If the authorities ...

Several Nigerian banks had placed a temporary suspension on international transactions on ATMs and POS channels due to the effects of chronic FX scarcity. The development comes barely five years after ...

The CBN has directed commercial banks to commence issuance of naira notes to customers starting from today. In a bid to cushion the effect of the cash crunch caused by its cashless policy, the CBN ...

LAGOS (Reuters) - The Nigerian naira firmed to 150.20 to the U.S. dollar on the interbank market on Thursday after the central bank announced tighter foreign exchange controls in a bid to stem the ...