#currency

The Naira has depreciated to N1,385 per dollar in the parallel market, a decline from N1,380 per dollar the previous day, according to Vanguard.

Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has inaugurated the CBN Naira Ambassadors Club, which aims to encourage young Nigerians, particularly secondary school students, to respect and properly handle the Naira. The initiative seeks to promote currency protection among the youth, according to Vanguard Business.

The Central Bank of Nigeria (CBN) has issued a warning against the abuse of the naira, citing rising costs and a reduced lifespan of the currency. Additionally, the CBN introduced the Naira Ambassadors Club aimed at students to promote awareness and responsible handling of the naira.

On June 23, 2026, the Euro continued to decline in value in the foreign exchange market in the country, with rates showing a decrease at CRDB and NMB banks compared to the previous day. The US Dollar remained stable during the same period, according to Nukta Africa.

On June 22, 2026, the Indian Rupee and the Kenyan Shilling strengthened against the Tanzanian Shilling compared to the rates from Thursday, June 18, 2026, while major international currencies experienced a decline, according to Nukta Africa.