Exchange Rate
Naira Experiences Slight Appreciation Against Dollar, Closing Trading Week at N1,534.72
In a positive turn of events for Nigeria’s currency market, the Naira finished the week with a modest gain against the U.S. dollar....
Nigeria’s Money Supply Hits Record High Despite CBN’s Tightening Grip
In a striking paradox highlighting the complexities of Nigeria’s economic landscape, the nation’s broad money supply (M3) has reached an unprecedented peak of...
Nigeria’s Forex Inflows Dip Amidst Shifting Dynamics and Naira Stability
New data released by the Central Bank of Nigeria (CBN) reveals a slight downturn in net foreign exchange inflows into the Nigerian economy,...
Naira Stability and Rising Reserves: How Nigeria’s FX Reforms Impact Citizens
Nigeria’s recent foreign exchange (FX) reforms are beginning to show tangible effects, with increased stability in the naira and a significant rise in...
Naira Strengthens as CBN’s Dollar Injections Surge, Offering Fleeting Relief
In a notable shift, the Nigerian naira experienced a welcome, albeit potentially temporary, appreciation in the official foreign exchange (FX) market on Monday....
Naira Paradox: BDCs Hesitate as Parallel Market Dips Below Bank Rates
A curious twist has emerged in Nigeria’s foreign exchange market, leaving Bureau De Change (BDC) operators in a precarious position. The Association of...
Naira Strengthens Against Dollar, Closes January at N1,475/$1
The Nigerian Naira staged a remarkable comeback in January 2025, closing the month at N1,475 to the US dollar at the Nigerian...
2025 Economic Outlook: Nigeria Economy Poised for 4.17% Growth in 2025, CBN Predicts
The Nigerian economy is on track for a robust 4.17% growth in 2025, a significant improvement from the 3.36% recorded in 2024, according...
Pastor Adeboye: Without Divine Intervention, Exchange Rate Could Have Reached ₦10,000 to $1
Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), has attributed Nigeria’s financial struggles to its reliance on fuel...