Naira Holds Firm Against Dollar, Closes February Strong Amid CBN Interventions
The Nigerian naira demonstrated resilience in February 2025, closing the month with an 8.5% gain on the parallel market, settling ...
Tag: Naira
Concerns Mount as Forex Reserves Drop $2.3 Billion Amid Naira Gains
The Nigerian naira has continued to strengthen in recent weeks, supported by foreign exchange reforms implemented by the Central Bank ...
Naira Strengthens to 1,494.03/$ at Official Market as FX Policies Yield Results
The Nigerian naira continued its upward trend, appreciating to 1,494.03 per US dollar at the official market on Thursday, according ...
Naira Appreciation: Increased Forex Inflows Boost Interbank Market, Say BDC Operators
The recent strengthening of the Nigerian naira has been attributed to a surge in foreign exchange (forex) inflows into the ...
Naira Continues Downward Slide, Hits N1,570/$1 in Parallel Market
The Nigerian naira extended its decline midweek, weakening further against the US dollar in both the parallel and official foreign ...
Naira Strengthens to Seven-Month High, Gains N63 Against the Dollar
Nigeria’s currency experienced a significant appreciation in January 2025, gaining N63.72 against the US dollar to close at N1,474.78/$ at ...
Nigeria’s Trade Standing Amid Trump’s Tariff Policies
In a major shift in global trade policy, U.S. President Donald Trump has imposed steep tariffs on imports from Canada, ...
Naira Gains Strength, Reaches N1,635/$1 in Parallel Market Amidst FX Stability
The Nigerian naira appreciated against the US dollar in the parallel market, trading at N1,635 per dollar on Tuesday, a ...
Nigeria’s E-Payment Transactions Reach Record High of N1.07 Quadrillion in 2024
Nigeria's digital payment landscape experienced an extraordinary surge in 2024, with total electronic transactions hitting an all-time high of N1.07 ...
CBN Sets January 31 Deadline for FX Market Compliance Report Submission
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange (FX) market to submit a ...
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