Nigeria’s Forex Spending Drops to $1.5 Billion Monthly Post Tinubu’s FX Reforms
In a significant revelation, the Presidency has disclosed that Nigeria’s expenditure to defend the Naira plummeted to $1.5 billion per ...
Tag: FX reforms
Naira Sustains Bullish Stance Despite Dollar’s Aggressive Gains
Amidst the dollar's recent robust performance, the Nigerian naira steadfastly maintained its bullish trajectory this week, bolstered by lingering concerns ...
Naira Strengthens to N1,560.57 Against Dollar on Official FX Market
The naira has surged against the US dollar, now quoted at N1,560.57 on the official market. This upward momentum reflects ...
Banks Defy Economic Challenges: N703.3 Billion Profit Amidst Inflation and Forex Revaluation
Despite the economic downturn, leading Nigerian banks, including FBN Holdings Plc, Stanbic IBTC Holdings, and five others, have collectively reported ...
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