Currencies
Naira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data
The Nigerian naira traded with relative stability in the official foreign exchange market during the first half of the week,...
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Naira Records Modest Gain at Official Market as Reserves Surpass $50 Billion
The Nigerian naira strengthened marginally against the US dollar at the official foreign exchange market on Monday, June 8, 2026,...
Read moreNaira Records Modest Decline at Official Market, Remains Stable in Parallel Market
The Nigerian naira weakened slightly against the US dollar in the official foreign exchange market on Thursday, dropping by N1.49...
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CBN Raises FX Remittance Limit for Nigerian Students Abroad to $25,000 per Semester
The Central Bank of Nigeria (CBN) has significantly increased the amount of foreign exchange Nigerian students can remit for tuition...
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CBN Aims to Bring N2.83 Trillion Cash Back into Banking System by 2028
The Central Bank of Nigeria (CBN) has announced plans to significantly reduce the amount of cash circulating outside the formal...
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Nigeria’s Foreign Reserves Rise by $551 Million in Three Weeks
Nigeria’s external reserves have recorded a notable recovery in May 2026, climbing by approximately $551 million within the first three...
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Naira Depreciates 0.7% in Official Market Amid Persistent Forex Pressure
The Nigerian naira came under renewed pressure last week, weakening by 0.7% in the official foreign exchange market to close...
Read moreNaira Strengthens Sharply, Breaches N1,400 Mark as Forex Inflows Surge
The Nigerian naira has delivered one of its strongest performances in recent months, breaking below the key psychological level of...
Read moreNigeria’s FX Market Turnover Hits $10 Billion in April as Naira Strengthens
Nigeria’s foreign exchange market recorded improved liquidity in April 2026, with total turnover reaching $10 billion, according to data from...
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Naira Strengthens Further Against US Dollar, Approaches N1,350 Level
The Nigerian naira continued its recent recovery against the US dollar in the official foreign exchange market on Wednesday, driven...
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