Naira Gains Stability as Chinese Traders Accept Yuan, Boosted by P2P Forex
The naira’s recent stability in the foreign exchange market is being driven by Nigeria’s currency swap agreement with China, allowing ...
Tag: Naira
Naira Rebound Driven by Oil, Remittances, and FX Backlog Clearance, Says FG
Nigeria’s naira has staged a remarkable recovery, gaining 15.28% to reach N1,525 per dollar by August 2025, up from a ...
Naira Weakens Slightly to N1,533.67/$ as External Reserves Grow
The naira opened the week on a softer note, trading at N1,533.67 per dollar at the Nigerian Foreign Exchange Market ...
Naira Weakens to N1,560/$1 as Forex Traders Cite Diversion and Demand Pressures
The naira depreciated to N1,560/$1 in the parallel market by mid-August 2025, down from N1,540/$1 at July’s end, widening the ...
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), ...
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 ...
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