Naira Shows Mixed Performance Amid Rising Forex Demand
The naira exhibited a mixed performance last week, with a slight 0.01% appreciation in the Nigerian Foreign Exchange Market (NFEM), ...
Tag: Naira
Nigerian Firms Rebound Strongly in 2025 After Naira Devaluation Losses
Nigeria’s 2023 naira float triggered a steep currency devaluation, plummeting from N460/$1 in June 2023 to N1,535/$1 by December 2024, ...
Naira Drops to N1,565/$1 as U.S. Dollar Gains Strength in July 2025
The Nigerian naira weakened to N1,565/$1 in the parallel market on July 31, 2025, reflecting heightened volatility amid rising demand ...
Naira Stability Boosts Vehicle Imports with 1,350 Units Arriving at Tincan Port
The Nigerian Ports Authority (NPA) has reported the arrival of 1,350 vehicles at the Ports & Terminal Multipurpose Limited (PTML) ...
Naira Gains Ground at N1,540/$ in Parallel Market Amid Rising Reserves
The Nigerian naira has shown resilience in the parallel market, appreciating to N1,540 per dollar on July 14, 2025, from ...
Naira Nears N1,500/$ Barrier as Banking Reforms and IMF Support Bolster Currency
The Nigerian naira is on the verge of breaking below the critical N1,500/$ resistance level in the official market, trading ...
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 ...
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 ...
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 ...
Naira 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 ...
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