Naira records first appreciation against US dollar
The Naira appreciated on Tuesday against the US Dollar at the official foreign exchange market for the first time in two working days. Data from the Central Bank of Nigeria showed it rose to N1,382.63 from N1,388.38 on Monday, marking a gain of N5.7 per dollar. This uptrend followed a N34.48 decline recorded on Monday, […]
Naira extends significant appreciation against US dollar
The Naira continued its rally against the US dollar at the official foreign exchange market on Monday. Data from the Central Bank of Nigeria showed the naira strengthened to N1,357.77 per dollar, up from N1,366.23 on Friday. This represents a gain of N8.46 against the dollar at the official rate. Meanwhile, the black market showed […]
Nigerian naira continues depreciation against US dollar
The Nigerian naira continued its downward movement against the United States dollar at the official foreign exchange market on Thursday, reflecting ongoing pressure on the local currency. Data from the Central Bank of Nigeria (CBN) showed that the naira weakened slightly compared to the previous trading day. According to the CBN figures, the naira exchanged […]
Naira extends appreciation against US dollar
The naira continued to strengthen against the US dollar at Nigeria’s official foreign exchange market on Wednesday. Data from the Central Bank of Nigeria showed that the currency improved slightly to ₦1,418.26 per dollar, compared with ₦1,419.07 recorded on Tuesday. This means the naira gained about 80 kobo in one day, continuing its recent upward […]
Naira continues gain against US dollar as Nigeria’s foreign reserves climb to $45.57bn
Nigeria’s currency, the naira, has continued to strengthen against the United States dollar as the country’s foreign exchange reserves increased to about $45.57 billion. Analysts say the improvement reflects better inflows from crude oil sales, growing investor confidence, and tighter management of the foreign exchange market by the Central Bank of Nigeria. Market watchers explain […]
Naira records highest depreciation against US dollar as foreign reserves decline
The Nigerian naira has recorded its highest depreciation against the United States dollar, raising fresh concerns about the country’s economic stability. The sharp fall is coming at a time when Nigeria’s foreign reserves are declining, limiting the Central Bank’s ability to defend the local currency in the foreign exchange market. Market watchers say the drop […]
Naira continues appreciation at official foreign exchange market
Nigeria’s currency, the naira, showed a mixed performance on Tuesday as it continued to strengthen in the official foreign exchange market but fell slightly in the black market. According to data from the Central Bank of Nigeria (CBN), the naira appreciated slightly at the official rate, moving from N1,600.44 per dollar on Monday to N1,600.030 […]
Tinubu not occupied with 2027 election – Presidency
The Presidency has made it clear that President Bola Tinubu is not thinking about the 2027 election right now. According to his Special Adviser on Media and Public Communications, Sunday Dare, Tinubu is more focused on his economic policies to improve the lives of Nigerians. Dare shared this on his X page, highlighting key achievements […]
Nigeria’s Foreign Reserves Rise to $35.77 Billion – CBN
Nigeria’s external reserves have increased to $35.77 billion, up from $33.09 billion at the end of 2023. This information comes from the Central Bank of Nigeria’s (CBN) latest data on the country’s reserve movements. On July 8, Nigeria’s foreign reserves crossed the $35.05 billion mark and continued to rise, reaching $35.77 billion by Thursday. However, […]
President Tinubu Receives Symbolic Gold Bar to Boost Naira Value
On Sunday, June 24, the Minister of Solid Minerals Development, Dele Alake, gave a symbolic gold bar to President Bola Ahmed Tinubu. Alake said this will help increase the value of the naira and improve the country’s foreign reserves. He thanked President Tinubu for supporting changes in the solid minerals sector, explaining that the National […]