Naira Trends

Naira Appreciates to N1,520/$ at Black Market

Naira Appreciates to N1,520/$ at Black Market

The Nigerian naira is showing unusual strength in the unofficial market this year. In early Tuesday trading in Nigeria’s business… Read More

1 week ago

Comercio Partners Projects Naira Drop to ₦1,700/$ as Policy Fragmentation Deepens Instability

Investment firm Comercio Partners projects that the naira could depreciate to approximately ₦1,700 per dollar by mid-2025, highlighting enduring structural… Read More

1 week ago

Naira Strengthens in the Black Market – Records Highest Single Day Gain Against the Dollar

The Nigerian Naira has made notable gains against the US Dollar in the parallel (black) market. On Thursday, the currency… Read More

2 weeks ago

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

2 weeks 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

2 weeks 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

3 weeks 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

3 weeks 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

4 weeks ago

Naira stability: Nigerian Currency Appears to Have Found Solid Ground

After enduring a dramatic fall against the US dollar, Nigeria's naira appears to be regaining its composure, trading within a… Read More

1 month ago

Central Bank of Nigeria Halts Extension of Export Proceeds Repatriation: Tricky Move in Nigeria’s Forex Reform

The Central Bank of Nigeria (CBN) has announced a significant policy shift, suspending the extension of export proceeds repatriation periods… Read More

1 month ago