Tag: Naira
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…
Naira roars back, records major gains against Dollar
The naira’s uptick coincides with high praise from the International Monetary Fund (IMF) in its 2025 Article IV Consultation report…
Tinubu paying for Buhari’s economic mistakes – Oshiomhole
The Ways and Means provision allows the Federal Government to borrow from the CBN when it needs emergency funds to…
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
Naira wobbles after Sallah, Democracy Day breaks, dips against the Dollar
The market closures caused by the Eid-el-Kabir (Sallah) holiday from Friday, June 6 to Monday, June 9, and the June…
Naira Roars Back: Local Currency hits ₦1,580.44 in stunning rally against Dollar
Analysts say the naira’s impressive climb is a reflection of renewed confidence in the economy, increased forex supply, and effective…