Tag: Central Bank of Nigeria (CBN)
Malaysian Ringgit Strengthens Against Nigerian Naira in Latest Exchange Rates
The Malaysian ringgit strengthened against the Nigerian naira in the latest exchange rates, with 1 MYR now worth approximately 90.5 NGN, up from 88.5 NGN last week, according to financial market data. This shift...
Naira Exchange Rate: $200 Equals ₦400,000 as of June 2024
As of June 2024, the Nigerian naira has plummeted to a record low against the U.S. dollar, with $200 exchanging for ₦400,000, according to data from foreign exchange markets. The sharp devaluation reflects persistent...
50 Dollars Equals 80,000 Naira at Current Exchange Rate
Fifty U.S. dollars is now equivalent to 80,000 Nigerian naira at the current black market exchange rate, reflecting a steep depreciation of the naira amid economic instability. The conversion, based on unofficial trading rates...
Check Your BVN Online: Simple Steps for Instant Verification
Nigerians can now verify their Bank Verification Number (BVN) online through a simple digital process, eliminating the need for in-person bank visits. The Central Bank of Nigeria (CBN) and partner financial institutions have introduced...
Pound to Naira Exchange Rate Hits New High Today
The pound to naira exchange rate surged to a new high today, with £1 trading at N1,250 on the parallel market, according to financial analysts and currency traders in Lagos. The sharp rise follows...
Bank Verification Number (BVN): How to Get Yours in 3 Simple Steps
The Bank Verification Number (BVN) is a biometric identification system required for all bank customers in Nigeria to access financial services, with over 60 million registered users as of 2024. To obtain a BVN,...
Naira Drops to 3,000 Per Dollar Amid Economic Turmoil
The Nigerian naira plunged to a record low of 3,000 per U.S. dollar on Thursday, deepening economic turmoil as foreign exchange shortages and inflation continue to cripple the country’s currency. The Central Bank of...
Naira Drops to New Low: 1 Dollar Now Equals 1,500 Naira
The Nigerian naira hit a record low of 1,500 per U.S. dollar on Thursday, deepening the currency’s decline amid economic instability. The Central Bank of Nigeria (CBN) confirmed the drop, which follows months of...
CFA to Naira Exchange Rate Drops Today
The Central African CFA franc to Nigerian naira exchange rate dropped sharply today, with the CFA trading at 45 naira per unit, down from 47 naira yesterday, according to official market data. The decline...
Australian Dollar Strengthens Against Nigerian Naira
The Australian dollar strengthened against the Nigerian naira on , with the exchange rate reaching amid rising demand for the Australian currency and economic pressures in Nigeria. The shift, driven by , marks...