Nigeria’s oil-backed loan refinancing explained: how crude-backed loans work, why the government is seeking cheaper debt, and what it means for the naira and economy.
Dollar to naira exchange rate today, July 23, 2026. See black market, Aboki, official CBN/NFEM rate, $100, $500 and $1,000 conversion.
Dangote Petroleum Refinery has officially ended naira-denominated transactions for petrol sales, adopting a dollar-based pricing system.
The naira traded mixed on Monday, October 20, 2025, as the official exchange rate held steady around ₦1,467/$1.
“Nigerians are having greater confidence in their own currency,” CBN Governor Olayemi Cardoso said Tuesday, citing a shift in preference from dollars to naira amid ongoing...
The naira has surged to its strongest level in four months, trading at N1,520 per dollar in the official market
Dollar Transactions: EFCC urges Nigerian government to halt embassies from charging visa fees in foreign currency, citing conflict with Nigerian laws and economic policy goals.
The Central Bank of Nigeria's recent decision to sell US dollars to Bureau De Change (BDC) operators at a discounted rate of N1,021 per dollar has...
The Nigerian naira has been declared the best performing currency in the world this month, according to a Goldman Sachs economist.
Naira appreciates to N1,240 against the dollar in both parallel and official markets, marking a positive trend in currency valuation.
