Naira Gains on Declining Broad Money Supply (M3)
The naira appreciated against the US dollar, with the Central Bank of Nigeria (CBN) reporting a spot rate of N1,529.71
Jeremiah Ayegbusi
July 1, 2025
- March 22, 2026
The naira appreciated against the US dollar, with the Central Bank of Nigeria (CBN) reporting a spot rate of N1,529.71
The Ghana Cedi (GHS) has been the best-performing currency in Africa and globally in 2025, posting the strongest gain against
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, held a strategic meeting today with Central
Ghana, one of West Africa’s economic powerhouses, is staging a remarkable recovery from its worst economic crisis in a generation.
Moody’s Investors Service has upgraded Nigeria’s long-term foreign-currency and local-currency issuer ratings from Caa1 to B3, with a stable outlook,
Seplat Energy Plc, the leading Nigerian independent energy firm dual-listed on the Nigerian Exchange Limited (NGX) and the London Stock
Seplat Energy Plc, the dual-listed Nigerian independent energy company, has announced the exchange rate to be used for converting its
The Central Bank of Nigeria (CBN) had a N13.9 trillion ($9 billion) loss on the settlement of overdue derivatives contracts
United Bank for Africa (UBA) reported a 33% year-on-year rise in net profit to ₦189.8 billion in the first quarter
An International Monetary Fund (IMF) team, led by Axel Schimmelpfennig, the mission chief for Nigeria, completed its 2025 Article IV
The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the
Nigeria’s broad money supply (M3), which measures the total amount of money available in the economy, surged by 42.76% to
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