Naira Trends

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

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

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

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

7 months 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

7 months ago

Seplat To Double Oil Production to 120,000 bpd In Six Months, CEO Says President Tinubu Realises Oil Production Great Way to Support the Naira

Seplat Energy, the Nigerian oil company that recently acquired the local operations of ExxonMobil, has announced plans to double its… Read More

7 months ago

Nigeria’s FX Reforms Face Setback as Parallel Market Divergence Resurfaces- Fitch Report

Nigeria's pursuit of foreign exchange (FX) reforms has encountered a significant challenge as the gap between official and parallel market… Read More

7 months ago

2025 Budget and N1500/$ Exchange Rate Projection: How Has Budgetary Exchange Rate Projections Fared Over The Years?

In every Nigerian budget, one of the key projections everyone looks out for is the exchange rate projections on which… Read More

7 months ago

Naira Falls to N1,750/$ on the Parallel Market

The Naira to Dollar rate fell to N1,750 on the parallel market popularly called the 'black market' on Wednesday as a… Read More

8 months ago