Naira Faces Fresh Pressure as US Dollar Index Climbs to 10-Month High
The Nigerian naira is confronting renewed challenges in the foreign exchange market as the US dollar strengthens to a 10-month ...
Tag: Naira
Naira Slips for Third Straight Session as Reserves Dip Below $50 Billion Mark
The Nigerian naira weakened in the official foreign exchange market for the third consecutive trading session, closing at N1,353.90 per ...
Nigeria’s Current Account Surplus Plunges 65% to $1.4 Billion in Q4 2025
Nigeria recorded a sharp contraction in its current account surplus during the fourth quarter of 2025, falling 65.52% to $1.40 ...
Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks
The Nigerian naira extended its recent recovery in the official foreign exchange market, closing at N1,355 per US dollar on ...
Naira Rebounds to N1,363.5/$ on Friday After Early-Week Slide, Boosted by Improved FX Supply
The Nigerian naira staged a notable recovery in the official foreign exchange market last week, closing at N1,363.5 per US ...
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 ...
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 ...
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