Naira

Naira Surges by N2.07 Against Dollar in Official FX Market!
In a financial landscape where even minor fluctuations carry significant weight, the Nigerian Naira experienced a modest yet meaningful appreciation, strengthening by N2.07 against the...

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Politics Today
14 hours ago14 hours ago

In a financial landscape where even minor fluctuations carry significant weight, the Nigerian Naira experienced a modest yet meaningful appreciation, strengthening by N2.07 against the U.S. dollar at the official foreign exchange market. This subtle shift reflects a complex interplay of liquidity management, policy adjustments, and investor behavior, all influencing the currency’s trajectory from multiple...

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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
5 months ago5 months 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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Naira Surges to 6-Month Peak at ₦1,497/$ Amid Slowing Inflation Boost
In August 2025, Nigeria’s headline inflation rate eased to 20.12%, down from 21.88% recorded in July, reflecting a positive shift in the country’s economic landscape....

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Politics Today
5 months ago5 months ago

In August 2025, Nigeria’s headline inflation rate eased to 20.12%, down from 21.88% recorded in July, reflecting a positive shift in the country’s economic landscape. This improvement coincided with the Naira reaching its strongest position in six months, trading at N1,497 per US dollar on the Nigeria Autonomous Foreign Exchange Market (NAFEM), signaling enhanced economic...

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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
5 months ago5 months 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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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
6 months ago6 months 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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