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The naira weakened further on Friday, closing at N1,393 per dollar, its lowest level since January 29 this year, as pressure in Nigeria’s foreign exchange market persisted. Data from the Central Bank of Nigeria (CBN) showed the local currency depreciated from N1,387/$ recorded on Thursday, reflecting renewed demand for the U.S. dollar and limited foreign […]
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THE Central Bank of Nigeria has refused a media report claiming that it disbursed $1.259 billion to oil marketers to import refined petroleum products, noting that the story was misleading. In a statement seen by Economy Post on Tuesday, the CBN said such reporting was entirely inaccurate and misleading. The bank noted that the referenced figure […]
THE NAIRA hit the highest level in 2025 on Monday, closing at 1,452.79/$, its strongest level in 2025. According to the Central Bank of Nigeria (CBN) data seen by Economy Post, the currency reported its biggest appreciation this year yesterday, with its second strongest level in the year reported on October 10 when it stood […]