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 ...
Tag: Naira
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 ...
Naira Shows Mixed Performance in May 2025: Up 1.28% Official, Down 1.24% Parallel
On June 2, 2025, the Nigerian Naira displayed divergent trends in May, gaining 1.28% in the official market to close ...
Naira Plunges to N1,630/$1 in Parallel Market as OPEC+ Oil Production
On June 1, 2025, the Nigerian Naira weakened significantly in the parallel market, closing at N1,630/$1 on May 30, 2025, ...
Naira Depreciates to N1,583/$1 as FX Reserves Decline and BDC Reforms Intensify
The Nigerian naira weakened to N1,583/$1 on May 26, 2025, in the official foreign exchange market, down from N1,579/$1 on ...
Naira’s Decline Sparks Debate: Can Nigeria’s Economy Weather Global Pressures?
On Thursday, May 23, 2025, the Nigerian naira weakened to N1,586/$1 in the official market, marking its first depreciation since ...
Naira Gains Slightly at Official Market, but Exchange Rate Gap with Parallel Market Widens
The Nigerian naira showed modest improvement in the official foreign exchange market on Friday, closing at ₦1,599.01 to the U.S. ...
Naira Faces Pressure as Dollar Strengthens Despite Nigeria’s Oil Output Gains
The Nigerian naira remained under pressure in the parallel market, trading around N1,620.25/$ as demand for the U.S. dollar continued ...
Naira Slides to N1,612/$1 at Official Market Amid Lingering Forex Supply Challenges
The Nigerian naira continued its downward trend on Wednesday, May 7, 2025, closing at N1,612 to the U.S. dollar in ...
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