Tag: Naira
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…