foreign exchange

Dangote Refinery Suspends Naira-Based PMS Sales Amid Renewed Forex Worries
The Dangote Petroleum Refinery has announced a halt to petrol sales priced in naira, a move that has unsettled fuel distributors and reignited worries about...

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Politics Today
6 days ago6 days ago

The Dangote Petroleum Refinery has announced a halt to petrol sales priced in naira, a move that has unsettled fuel distributors and reignited worries about pricing stability and foreign exchange challenges within the downstream oil sector. In a communication sent to clients on Friday, the refinery stated that this suspension would commence on Sunday, September...

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Monetary Policy Committee Forecasts Naira to Hit ₦1,400 per Dollar by Year-End
Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) have forecast a continued appreciation of the naira, anticipating it will strengthen to approximately...

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Politics Today
3 weeks ago3 weeks ago

Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) have forecast a continued appreciation of the naira, anticipating it will strengthen to approximately N1400 per US dollar by the close of 2025. This positive outlook is underpinned by enhanced oil production, consistent capital inflows, and prudent liquidity management strategies. During the July MPC...

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Surging FX Stability and Capital Inflows Propel Stock Market to N26trn Gain
Key Drivers Behind Nigeria’s Stock Market Surge in 2025 The Nigerian equities market has experienced a remarkable growth, with market capitalization soaring by N26.01 trillion...

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Politics Today
1 month ago1 month ago

Key Drivers Behind Nigeria’s Stock Market Surge in 2025 The Nigerian equities market has experienced a remarkable growth, with market capitalization soaring by N26.01 trillion within the first eight months of 2025. Experts attribute this robust performance to several critical factors, including the stabilization of the foreign exchange rate, corporate recovery from previous FX-related losses,...

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Lagos Set to Boost Economy with an Extra $1 Billion in Annual Forex Inflows
Lagos Aims to Boost Annual Foreign Exchange Earnings by $1 Billion Through SME Growth Empowering SMEs to Drive Economic Expansion The Lagos State Government has...

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Opinion
1 month ago1 month ago

Lagos Aims to Boost Annual Foreign Exchange Earnings by $1 Billion Through SME Growth Empowering SMEs to Drive Economic Expansion The Lagos State Government has set an ambitious goal to increase its foreign exchange inflows by an additional $1 billion each year within the next five years. This target is anchored on the development and...

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Naira Holds Strong at ₦1,535 as Forex Reserves Climb, Ending the Week on a Steady Note
Naira Holds Firm at N1,535 Amid Strengthening Foreign Exchange Reserves At the close of the week, the Nigerian naira remained stable, trading at N1,535 per...

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Opinion
1 month ago1 month ago

Naira Holds Firm at N1,535 Amid Strengthening Foreign Exchange Reserves At the close of the week, the Nigerian naira remained stable, trading at N1,535 per US dollar in the official foreign exchange market. This steadiness reflects the positive impact of increasing foreign exchange reserves, which have bolstered market confidence and liquidity. Impact of Growing FX...

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