Currencies
US Dollar Weakens as Fragile Ceasefire Between US and Iran Fuels Market Uncertainty
The US dollar remained under pressure on Thursday, March 26, 2026, as investors weighed the durability of a fragile two-week...
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Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss
The Nigerian naira appreciated to N1,365 per US dollar on Thursday, March 9, 2026, extending gains amid a broader global...
Read moreNaira Weakens to N1,389 per Dollar as External Reserves Decline by $850 Million in Three Weeks
The Nigerian naira depreciated to N1,389 per US dollar on Tuesday, March 31, 2026, amid a noticeable decline in the...
Read moreNaira Faces Fresh Pressure as US Dollar Index Climbs to 10-Month High
The Nigerian naira is confronting renewed challenges in the foreign exchange market as the US dollar strengthens to a 10-month...
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Naira Slips for Third Straight Session as Reserves Dip Below $50 Billion Mark
The Nigerian naira weakened in the official foreign exchange market for the third consecutive trading session, closing at N1,353.90 per...
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Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks
The Nigerian naira extended its recent recovery in the official foreign exchange market, closing at N1,355 per US dollar on...
Read moreNaira Rebounds to N1,363.5/$ on Friday After Early-Week Slide, Boosted by Improved FX Supply
The Nigerian naira staged a notable recovery in the official foreign exchange market last week, closing at N1,363.5 per US...
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Nigeria’s External Debt Servicing Bill Climbs to $5.21bn in 2025, Claiming 72% of International Outflows
Nigeria channeled approximately $5.21 billion toward servicing its external debt obligations in 2025, representing a sharp 11.9% increase from $4.66...
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Strong Investor Demand Fuels Oversubscribed Treasury Bills Auction as CBN Allots N1.01 Trillion
The Central Bank of Nigeria (CBN) saw robust appetite for government securities in its latest Treasury Bills Primary Market Auction...
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CBN Pulls N13.41 Trillion Out of Banking System in January 2026 as Tightening Bites
In a clear sign of aggressive monetary tightening to start the year, Nigeria's Central Bank (CBN) drained a massive N13.41...
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