Naira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data
The Nigerian naira traded with relative stability in the official foreign exchange market during the first half of the week, ...
Tag: Naira
Naira Records Modest Gain at Official Market as Reserves Surpass $50 Billion
The Nigerian naira strengthened marginally against the US dollar at the official foreign exchange market on Monday, June 8, 2026, ...
Naira Records Modest Decline at Official Market, Remains Stable in Parallel Market
The Nigerian naira weakened slightly against the US dollar in the official foreign exchange market on Thursday, dropping by N1.49 ...
CBN Raises FX Remittance Limit for Nigerian Students Abroad to $25,000 per Semester
The Central Bank of Nigeria (CBN) has significantly increased the amount of foreign exchange Nigerian students can remit for tuition ...
CBN Aims to Bring N2.83 Trillion Cash Back into Banking System by 2028
The Central Bank of Nigeria (CBN) has announced plans to significantly reduce the amount of cash circulating outside the formal ...
FMDQ Turnover Hits $180.85 Billion as Trading Volume Surge
The FMDQ Securities Exchange recorded a remarkable performance as total market turnover reached $180.85 billion, driven by a sharp increase ...
Naira Depreciates 0.7% in Official Market Amid Persistent Forex Pressure
The Nigerian naira came under renewed pressure last week, weakening by 0.7% in the official foreign exchange market to close ...
Highest Yields of 2026 Delivered in Q1 as 364-Day T-Bill Hits 18.47%
Nigeria’s fixed-income market offered some of the most attractive returns in recent years during the first quarter of 2026, before ...
CBN Unveils Revised Foreign Exchange Manual, Set to Take Effect June 1
The Central Bank of Nigeria (CBN) has officially launched the fourth edition of its Foreign Exchange Manual, introducing updated guidelines ...
Equities Market Hits Fresh All-Time High as Bulls Maintain Dominance
The Nigerian equities market continued its impressive run on Wednesday, setting a new record high as strong buying interest in ...
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