External Reserves Climb Above $54 Billion, Highest Level in 18 Years
Nigeria’s external reserves crossed the $54 billion mark on 3 August 2026, reaching their highest level in 18 years. Central ...
Tag: dollar
Naira Strengthens to N1,315 per Dollar at Official Market
The naira rose to N1,315 against the US dollar on Thursday in the official foreign exchange market. Data from the ...
NFEM Turnover Climbs 13.8% to $14.45 Billion in August as Naira Closes at N1,335.50
Total turnover in the Nigerian Foreign Exchange Market rose to $14.45 billion in August from $12.69 billion in July, a ...
Naira Holds Near Flat in Parallel Market as Official FX Turnover Rises to $1.06 Billion
The naira traded at N1,400 to the dollar in the parallel market on Friday, softening by N3 from the N1,397 ...
Naira Hits Five-Month High as Dollar Falls to N1,343.32 on CBN Reforms
The naira strengthened by about N9 against the US dollar on Tuesday, August 18, 2026, closing at N1,343.32 per dollar ...
NAFEM Turnover Climbs to $1.41 Billion, Highest Level in Five Weeks
Turnover on the Nigerian Foreign Exchange Market rose sharply to $1.41 billion on August 17, 2026, reaching its highest level ...
NRS Chairman: Ending Fuel Subsidy Averted N53 Trillion Bill and Naira Crash to N3,500
The petrol subsidy could have drained as much as N53 trillion from government coffers under present market conditions and driven ...
CBN Cancels N700 Billion T-Bills Auction After Aggressive Liquidity Withdrawal
The Central Bank of Nigeria has shelved a planned N700 billion treasury bills auction scheduled for 5 August 2026, after ...
Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover
Nigeria’s foreign exchange market recorded its highest weekly turnover of 2026, with total transactions in the FX Spot and Derivatives ...
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 ...
