Cash Outside Banks Drops N198bn in January as Money Supply Contracts
Currency held outside Nigeria’s banking system fell sharply by N197.68 billion in January 2026, declining to N5.21 trillion from N5.41 ...
Tag: Naira
Nigeria’s External Debt Servicing Bill Climbs to $5.21bn in 2025, Claiming 72% of International Outflows
Nigeria channeled approximately $5.21 billion toward servicing its external debt obligations in 2025, representing a sharp 11.9% increase from $4.66 ...
Naira Settles Back Around N1,400: A Deliberate Sweet Spot for Nigeria’s Economy?
After a promising run that briefly pushed the naira toward levels below N1,300 just weeks ago, the currency has reversed ...
Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January
The Nigerian naira extended its recent downward drift, closing the trading week at N1,398 per US dollar in the official ...
CBN Pulls N13.41 Trillion Out of Banking System in January 2026 as Tightening Bites
In a clear sign of aggressive monetary tightening to start the year, Nigeria's Central Bank (CBN) drained a massive N13.41 ...
Naira Rebounds Month-on-Month in February as Reserves Hit 13-Year High.
Naira staged a notable comeback in February 2026, strengthening by approximately 4.13% against the US dollar despite efforts by the ...
Naira Strengthens 4.31% in February Despite Late-Month CBN Intervention
Nigeria's naira posted a robust 4.31% appreciation against the US dollar in February 2026, defying Central Bank of Nigeria (CBN) ...
Naira Holds Near N1,400 Amid Middle East Tensions and Record Reserves
The Nigerian naira maintained relative stability in early March 2026, trading close to the N1,400 per US dollar level in ...
Naira Posts Strong Gains Across Forex Segments as Reserves Climb and BDC Access Boosts Liquidity
The Nigerian naira delivered a robust performance in the foreign exchange market during the week ending February 20, 2026, appreciating ...
Naira Gains Ground to N1,337 per Dollar in Official Market Amid Improved Liquidity.
The Nigerian naira posted a notable appreciation in the official foreign exchange window on Tuesday, February 17, 2026, closing at ...
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