Naira (NGN)

NNPC Suspends Naira-for-Crude Deal: Implications for Local Refineries and the Naira’s stability

NNPC Suspends Naira-for-Crude Deal: Implications for Local Refineries and the Naira’s stability

The Nigerian National Petroleum Company (NNPC) Limited has terminated its naira-for-crude oil swap arrangement with domestic refineries, a decision that… Read More

2 months ago

Naira Drops to N1550/$ in Black Market

The Nigerian naira has experienced a significant depreciation in the black market, reaching a rate of N1,550 per U.S. dollar… Read More

2 months 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

3 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

3 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

3 months ago