Tag: FX
Four-Day Rally: Naira gains ₦35 against dollar at official market
Overall, the recent appreciation of the Naira at the official market may signal improving confidence in Nigeria’s financial system, although…
Naira slides for ninth day in a row, losing N37.85 against dollar
External reserves are funds held by the country’s central bank to help support the national currency, manage international payments, and…
CBN Data: Naira rebounds after week of mild losses
Data released by the Central Bank of Nigeria (CBN) showed that the local currency closed at N1,454.41 to the dollar,…
Naira drops for second time this week
The depreciation on Wednesday also came after a brief moment of hope on Tuesday, when the Naira gained slightly against…
CBN’s gains tested as naira falls slightly to ₦1,467 per dollar
The NBS is expected to release its Consumer Price Index (CPI) report for September on Wednesday.
Naira strengthens to ₦1,455/$ as Nigeria’s external reserves grow
As the foreign exchange market continues to stabilize, stakeholders are urging the federal government to consolidate the gains by ensuring…
FX: After four days of gains, naira dips to ₦1,465 at official market
According to official data released by the Central Bank of Nigeria (CBN), the naira depreciated to ₦1,465.68 per dollar at…
Naira to appreciate to N1300, food prices to reduce significantly before yuletide – BUA Chairman, Rabiu
These are the strongest levels recorded in over a year, further fueling hopes that Rabiu’s projection may be achieved if…
Naira strengthens as CBN slashes interest rate for first time in five years
Traders, businesses and households alike will be watching closely in the coming days to see if the positive momentum continues…
Naira strengthens to N1,497/$ as CBN begins key interest rate talks
Some Fed officials, including Governor Stephen Miran, had pushed for a deeper 50 basis point cut. His upcoming speech could…
FX: After weeks of gains, naira stumbles against the dollar
According to data from the Central Bank of Nigeria on Wednesday, the official exchange rate slipped to ₦1,494.03 per dollar,…
FX: Naira shows signs of recovery, dives below N1,500/$
This is its strongest level since March 5, 2025. For the second time this week, the naira traded below the…
CBN data shows Naira recovery as depreciation streak ends
Central Bank has reiterated its commitment to stabilizing the foreign exchange market through various interventions, including tightening monetary policy, managing