Exchange Rate & Currency

Naira Stability and CBN Foreign Exchange Market Interventions: Is the CBN’s Benevolence Sustainable?

Naira Stability and CBN Foreign Exchange Market Interventions: Is the CBN’s Benevolence Sustainable?

The Central Bank of Nigeria has ramped up its efforts to stabilize the naira, but at what cost? Among its… Read More

6 months ago

Trump’s Tariffs and Their Impact on Foreign Currency Exchange

The global financial landscape has been significantly impacted by threats and actual imposition of new tariffs by the United States… Read More

6 months ago

U.S. Dollar Gains as New China Tariffs Kick In; Australian Dollar and Yuan Weaken

The U.S. dollar rose on Tuesday following the implementation of new U.S. tariffs on Chinese imports, which led to immediate… Read More

6 months ago

How the Naira Strengthened in January 2025: From 1670-1680 NGN/USD to 1605-1610 NGN/USD

The Nigerian Naira (NGN) experienced a surprising rally in January 2025, moving from a rate of approximately 1670-1680 NGN/USD at… Read More

6 months ago

Trump Tariffs: Crypto Faces Risk Sell-Off, $2 Billion Market cap Liquidated in Biggest One-Day Loss

The cryptocurrency market witnessed an unprecedented event as over $2 billion in assets were liquidated in what has been recorded… Read More

6 months ago

Cfa Franc to Naira: CBN Approves CFA Franc for Export Proceeds Repatriation

In a significant policy shift, the Central Bank of Nigeria (CBN) has approved the inclusion of the CFA franc on… Read More

6 months ago

Naira Is Stabilising: Exchange Rate Hits N1,493/$ at Official Market, N1,610/$ in Parallel Market

The Naira is showing signs of recovery and stability, with key improvements recorded in both the official and parallel markets.… Read More

6 months ago

CBN To Recommence Payment Of Forex Backlog

The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has announced the completion of forensic verification… Read More

6 months ago

Dollar Falls After Trump Hints at Softer Stance on China Tariffs

The U.S. dollar experienced a notable decline on January 24, 2025, following remarks from President Donald Trump suggesting a more… Read More

6 months ago

Exchange Rate: Bode Agusto Forecasts Naira Will Stabilise at ₦1,600/$ By December 2025

The Bode Agusto report on the Nigerian economy in 2025 provides a nuanced assessment of the critical role foreign exchange… Read More

6 months ago