Tag: Naira
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…
Naira depreciates again as CBN records 1.04% weekly decline
Despite the mixed performance, Nigeria’s foreign reserves continued to grow, reaching $43.32 billion as of November 6, 2025.
After volatile week, Naira ends stronger against U.S. Dollar
The week's performance painted a picture of erratic swings, underscoring the Naira's vulnerability to speculative pressures and external shocks like…
Markets in Turmoil: Trump’s ‘war’ remark sends naira, stocks crashing
Experts say Nigeria’s market stability now depends on how the government and the Central Bank manage the situation and restore…
Naira in massive gains against Dollar, hits eight-month high
The 1.07% gain or ₦15.23, against Tuesday's rate of ₦1,436.97 extends a five-day rally that has shaved nearly 2.2% off…
CBN told to introduce ₦10,000, ₦20,000 notes
illustrate the extent of the currency’s decline, the report compared prices from 2005 to 2025: a kilogram of imported rice…
Naira holds strong, external reserves hit $42.79 billion
However, they also warn that consistent results will depend on Nigeria’s ability to increase production, attract foreign investors, and manage…
Naira crashes again against Dollar
This marked a 0.29 percent decline, equivalent to a N4.32 loss compared to Thursday’s rate of N1,471.02. The depreciation rounded…
Naira wobbles again, loses ₦18 in one week
Meanwhile, the National Bureau of Statistics reported that Nigeria’s inflation rate fell for the sixth consecutive month, standing at 18.02%…
CBN’s gains tested as naira falls slightly to ₦1,467 per dollar
The NBS is expected to release its Consumer Price Index (CPI) report for September on Wednesday.
Naira Boom Explained: How CBN reforms, oil gains, strengthened the currency
commended the close collaboration between the Ministry of Finance and the CBN, adding that public statements by the Coordinating Minister…
Naira strengthens to ₦1,455/$ 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…
CBN interventions, inflows keep naira stable at ₦1,483/$
Short-term forecasts suggest the dollar will likely trade within ₦1,480–₦1,495 in the official market and ₦1,485–₦1,500 in the parallel market…
Naira now Africa’s 9th weakest currency – Forbes
Experts say the drop was helped by steady inflows of foreign exchange from oil sales and remittances, better farm output,…
Import costs fall as exchange rate strengthens to N1,480/$
The parallel market also reflected the trend, with the naira exchanging between N1,490 and N1,495 this week.
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…
Again, CBN warns Nigerians against spraying, writing on Naira
Deputy Governor of Operations, Mr. Bala Bello, represented by Dr. Adetona Adedeji, Director of Currency Operations and Branch Management, condemned…
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…
Naira gains ground as Chinese accept local currency for trade
This shift follows the Nigeria-China bilateral currency swap agreement signed in December 2024, worth N3.28 trillion (15 billion yuan).
Naira strengthens to N1,540 against US Dollar as gap with official market narrows
Naira strengthens to N1,540 as gap with official market narrows.
Currency watch: Naira dips by 19 kobo against dollar as week ends
The Naira traded at 1,533.74 to the dollar, showing a small decline compared to the previous day’s rate of 1,533.55.
Naira loses against dollar at official market
On Monday the Naira opened the trading week with slight gain trading at 1,534.20 to a dollar.
Naira stumbles again: Dollar gains ground in shocking Weekend drop
The week began on a relatively positive note, with the Naira gaining marginally on Monday to trade at N1,534.20 against…
CBN data shows naira appreciates slightly, external reserves climb
Nigerian naira began the new trading week on a positive note, recording a slight appreciation against the United States dollar…
Naira’s fate hangs in balance as Dollar inches ahead
Analysts note that the Naira’s performance aligns with broader economic dynamics, including Nigeria’s reliance on oil exports, which account for…
Dollar strikes back: Naira loses grip in stunning Friday fall
These reforms, including the unification of exchange rates and increased market-driven pricing, have been pivotal in stabilizing the Naira amid…