In an attempt to contain exchange rate volatility, the Central Bank of Nigeria (CBN) launched a daring foreign exchange (FX)
The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the
By early 2025, Nigeria’s long-beleaguered currency has staged an unlikely comeback. The naira, following two brutal devaluations, is now among
Nigeria today stands at an economic crossroads, not unlike Brazil in the mid-1990s or India in the early 2000s. Both
On Wednesday, the Nigerian Naira depreciated, to ₦1,585 per dollar in the parallel market, down from ₦1,565 the previous day.
The Nigerian naira has experienced a significant depreciation in the black market, reaching a rate of N1,550 per U.S. dollar
Nigeria’s naira has staged an impressive recovery in recent weeks, rebounding from a historic low of N1,900 per US dollar
Bureau De Change (BDC) operators in Nigeria are finding it increasingly difficult to buy foreign exchange from commercial banks, as
Oil prices bounced back in early trading on Monday, buoyed by positive manufacturing data from China that raised hopes about
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the
A few themes shaped Nigeria’s corporate results in 2024 as dramatically as the naira’s relentless depreciation. Since mid-2023, the Central
Nigeria’s foreign reserves have been on a downward trajectory for 33 consecutive days. According to data compiled by Bloomberg, the
Get notified about new articles