Currencies
Naira Strengthens Slightly as U.S. Dollar Weakens Globally
The Nigerian naira posted modest gains in the official foreign exchange market, climbing to N1,527 per U.S. dollar, up N5...
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Nigeria’s Money Supply Falls to N119 Trillion in May 2025 Amid Tightening Policies
Nigeria’s money supply contracted for the second time in 2025, dipping to N119.01 trillion in May from N119.30 trillion in...
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Nigeria Records $3.73 Billion Balance of Payments Surplus in Q1 2025, Driven by Dangote Refinery
Nigeria achieved a $3.73 billion balance of payments (BOP) surplus in the first quarter of 2025, fueled by naira depreciation...
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Naira Faces Pressure as Oil Prices Drop and Middle East Tensions Ease
The Nigerian naira experienced volatility in the foreign exchange markets on Tuesday, trading at approximately N1,600 per U.S. dollar in...
Read moreNaira Gains Strength, Hits N1,585/$ in Parallel Market
The Nigerian naira strengthened against the U.S. dollar on Tuesday, appreciating to N1,585 per dollar in the parallel market from...
Read moreNaira Sustains Week-Long Gains in Official and Parallel Markets After Sallah Holidays
The Nigerian naira continued its upward momentum across both official and parallel foreign exchange markets in the week following the...
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NDIC Begins Payout of Premier Commercial Bank Liquidation Dividends After 25 Years
The Nigeria Deposit Insurance Commission (NDIC) has started distributing liquidation dividends to creditors of Premier Commercial Bank, which was closed...
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Ghana’s Cedi Leads Global Currencies with 50% Surge in 2025
On June 2, 2025, the Ghanaian cedi emerged as the world’s top-performing currency, gaining nearly 50% against the U.S. dollar,...
Read moreNaira Shows Mixed Performance in May 2025: Up 1.28% Official, Down 1.24% Parallel
On June 2, 2025, the Nigerian Naira displayed divergent trends in May, gaining 1.28% in the official market to close...
Read moreNaira Depreciates to N1,583/$1 as FX Reserves Decline and BDC Reforms Intensify
The Nigerian naira weakened to N1,583/$1 on May 26, 2025, in the official foreign exchange market, down from N1,579/$1 on...
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