Several African Currencies Forecast to Weaken Against Dollar – Analyst
Several major African currencies, including Ghana’s cedi, Uganda’s shilling, and Nigeria’s naira, are expected to depreciate against the US dollar...
Foreign Reserves Cross $52 Billion, Highest Level in 17 Years
Nigeria’s external reserves have reached $52.02 billion, marking the highest level recorded in more than 17 years and surpassing the...
Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions
The naira appreciated against the US dollar on Tuesday, July 21, 2026, closing at N1,375.3083 per dollar in the official...
Dollar Shortage Widens Spread Between Official and Parallel FX Rates
Nigeria’s foreign exchange market is facing renewed pressure as the gap between the official and parallel market rates has widened...
FG to Issue N729 Billion Bond to Settle Legacy Debts Owed to Power Generators
The Federal Government is set to raise approximately N729 billion through a second sovereign bond issuance to clear verified legacy...
CBN Raises N1.19 Trillion at July 15 Treasury Bills Auction
The Central Bank of Nigeria (CBN) successfully raised N1.19 trillion through its Treasury Bills auction on Wednesday, July 15, 2026,...
Naira Slips to N1,420 per Dollar in Parallel Market as Official Rate Edges Higher
The Nigerian naira weakened further in the parallel market yesterday, trading at N1,420 per US dollar, down from N1,406 recorded...
CBN Repays N2.97 Trillion in Maturing OMO Bills After Raising N2.54 Trillion in Fresh Auction
The Central Bank of Nigeria (CBN) repaid N2.97 trillion in Open Market Operations (OMO) bills that matured on Tuesday, July...
NGX Rebounds with N719 Billion Gain as FirstHoldCo and MTN Nigeria Spark Recovery
The Nigerian equities market reversed two consecutive sessions of losses on Tuesday, adding N719 billion to total market capitalisation as...
Naira Remains Steady at N1,382/$ in Official Market While Parallel Rate Gap Widens
The Nigerian naira traded with little movement in the official foreign exchange market on Monday, closing at N1,382.33 per US...
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