Tag: Central Bank of Nigeria
Naira Drops to 1,000 per $1 as Exchange Rate Hits Record Low
The Nigerian naira plummeted to a record low of 1,000 per $1 on as the parallel market exchange rate surged, with the black market trading at 5,000 naira for $1, according to sources...
Naira Drops to $500 Amid Forex Market Turmoil
The Nigerian naira plunged to a record low of 1,500 per U.S. dollar on the parallel market on Monday, deepening economic uncertainty as forex scarcity worsened. The Central Bank of Nigeria (CBN) has not...
CBN Sets Dollar-to-Naira Exchange Rate for Today
The Central Bank of Nigeria (CBN) set the official exchange rate for the U.S. dollar to the naira at ₦1,380/$1 for today, marking a slight adjustment from previous levels. The announcement, made in Abuja,...
Naira Hits New Low: $100 Now Worth Over 1,000 Naira
The Nigerian naira hit a new record low against the U.S. dollar on , with $100 now exchanging for over 1,000 naira on the parallel market, according to financial analysts. The sharp depreciation reflects...
Bank Verification Number: How to Verify Your BVN in Minutes
**Nigerians can verify their Bank Verification Number (BVN) in minutes using official channels to confirm account ownership and prevent fraud. The BVN, a biometric identification system introduced by the Central Bank of Nigeria (CBN)...