Tag: Naira
Naira crashes suddenly ending impressive two-week winning streak
The Nigerian naira closed the trading week on a slightly weaker note at the official foreign exchange market, shedding a…
Currency Watch: Naira shows stability across official window
The Nigerian naira showed a slight improvement in value in early trading on Tuesday, April 14, 2026. This change was…
Naira appreciates to N1,392/$ in parallel market amid rising Inflation
In the parallel market, the local currency rose to N1,392 per dollar, up from N1,396 per dollar recorded on Tuesday.
Naira slips to N1,387/$ as Nigeria’s reserves fall below $50bn
The Central Bank of Nigeria expects reserves to rise to about $51 billion by the end of 2026 as part…
Forex market tension grows as Naira slips to N1,383/$
The naira weakened slightly to N1,383.5 per dollar on Tuesday, down from N1,383 per dollar recorded on Monday, as pressure…
Naira climbs sharply, gains ₦13 against dollar in one day
Data released by the Central Bank of Nigeria showed that the Naira appreciated to ₦1,344.42 per dollar, compared to ₦1,357.77…
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 gains, ends week on positive note
The Nigerian currency had recorded steady appreciation during the week amid sustained market activity and foreign exchange supply.
War: Naira falls to ₦1,425/$ as Middle East crisis triggers Investor exit
Analysts from Financial Derivatives Company and Cowry Asset Management also noted that the weakening of the naira across both the…
CBN data shows Nigeria’s money supply drops to ₦123.36tn
Despite the slight month-to-month drop, the money supply is still significantly higher compared to the same period last year, showing…
Naira slides for second week, hits N1,393 against dollar
The continued weakening of the local currency comes despite efforts by the Central Bank of Nigeria to stabilise the market.…
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…
Naira on the Brink: Tinubu signals massive recovery ahead
He added that his government’s money policies are starting to work. “If the CBN had not acted yesterday, we would…
Dangote declares Naira could hit ₦1,100 to Dollar before 2026 ends
He emphasized that Nigeria's heavy reliance on imports creates a challenging dynamic: a stronger naira could lower costs across the…
EFCC arrests trio for using ₦500 note as tissue paper
This arrest is part of the EFCC’s ongoing effort to enforce laws against mutilating the Naira. Recently, the