Tag: Naira

  • CBN WARNS NAIRA ABUSE DRIVING UP PRINTING COSTS

    CBN WARNS NAIRA ABUSE DRIVING UP PRINTING COSTS

    ‎ Central Bank of Nigeria (CBN) has launched a nationwide campaign to address the abuse of the naira, which is driving up the cost of printing and replacing banknotes. During the campaign flag-off in Abuja, the Deputy Governor of the Operations Directorate, Dr. Bala Bello  stated that careless handling of the currency—including folding, tearing, spraying…

  • NAIRA WRAPS UP JULY AT 1,533.33/$

    NAIRA WRAPS UP JULY AT 1,533.33/$

    The Nigerian naira has closed the month of July at N1,533.55/$ in the official foreign exchange market, slightly weaker by 0.25% compared to June’s close of N1,529.71/$. The currency saw a brief rally to a four-month high of N1,518/$ on July 14, its strongest since March 14, 2025, but later stabilized within the N1,530–1,535/$ range,…

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