FX reserves

Naira Gains at Official Markets, But BDC Challenges and Reserves Dip Pose Risks

Naira Gains at Official Markets, But BDC Challenges and Reserves Dip Pose Risks

The naira appreciated to N1,565/$1 in the official market on Wednesday, marking a 0.8% gain from Tuesday’s rate of N1,579/$1,… Read More

1 week ago

Naira Drops to N1,583/$1 at Official Market as FX Reserves Fall and BDC Reforms Intensify

The Nigerian naira weakened to N1,583 per US dollar on Monday at the official market, down from N1,579 per dollar… Read More

3 weeks ago

Naira gains as Nigeria’s FX reserves hit $34.7bn

Key Points Nigeria's foreign exchange reserves reach new high of $34.7 billion Reserves gained $110 million in 24 hours and… Read More

11 months ago