#naira

The naira has stabilised at N1,370.19 per USD, attributed to the Central Bank of Nigeria's (CBN) intervention which has reduced volatility in the currency market. This stability is further supported by rising global oil prices, which are seen as promising for Nigeria's economy.

The naira experienced its most significant daily decline since April, closing at N1,389 per dollar in the official foreign exchange market on June 24, 2026, according to Nairametrics.

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.