naira

Naira Holds Firm at ₦1,534/$ as CBN Rate Stays Flat

Naira Holds Firm at ₦1,534/$ as CBN Rate Stays Flat

The naira remained steady at ₦1,534.20 per US dollar on Monday at the official Central Bank of Nigeria (CBN) exchange… Read More

1 week ago

Floating Naira, Rising Rates Weakened Nigeria’s Real sector, GDP dollar terms – Economist Kelvin Emmanuel

Speaking on Channels Television on Tuesday, economist Mr. Kelvin Emmanuel has stated that the floating of the Naira has significantly… Read More

2 weeks ago

Naira Rate Converges at 1,535/$ in Both Official and Black Markets, Ahead of CBN’s MPC meeting

The naira on Friday traded at N1,535 to the dollar in both the official and parallel (black) markets, signaling a… Read More

3 weeks ago

Nigeria’s Economic Growth to Hit 3.6% in 2025, Says Afreximbank

Afreximbank has projected that Nigeria’s economic growth will accelerate from 3.0% in 2024 to 3.6% in 2025, supported by increased… Read More

3 weeks ago

Naira Rallies to ₦1,518.88/$, Testing the ₦1,500/$ threshold

The Nigerian naira rallied to a four-month high against the US dollar, buoyed by a Central Bank of Nigeria (CBN)… Read More

3 weeks ago

Naira Gains in Black Market, NFEM Rate Falls Amid Rising Dollar

The naira appreciated by N5 in the parallel market on Thursday, closing at N1,545 per dollar, an improvement from N1,550… Read More

4 weeks ago

Naira Holds Firm Amid Falling Oil Prices: Analysts See Stable FX Outlook for 2025

The Nigerian naira strengthened further last week, appreciating by ₦10.67 to close at ₦1,528.56 per dollar at the official foreign… Read More

4 weeks ago

Naira Strengthens to ₦1526/USD as IMF Applauds FX Reforms and Market Stability

The naira appreciated to ₦1526.15 per US dollar in the official foreign exchange (FX) market on Wednesday, reflecting sustained stability… Read More

1 month ago

Naira Strengthens by N8 last week to N1,539.23/$ as Nigeria’s FX Reserves Climb

The naira continued its bullish trend against the US dollar last week, closing at N1,539.23/$ in the official Nigerian Foreign… Read More

1 month ago

Naira Holds at N1,549, as Oil Prices Rise, Dollar Hits Lowest Since 2022

The naira maintained its stability, closing at N1,549.2616 per U.S. dollar, nearly unchanged from its prior rate of N1,549.0368, according… Read More

1 month ago

Naira Slips to ₦1,548/$ Amid FX Pressure as Oil Prices Tumble on Iran-U.S. Tensions

The naira weakened slightly against the U.S. dollar on Monday, closing at ₦1,548.52 per dollar at the Central Bank of… Read More

1 month ago

Wilmar Expands Palm Oil Business In Nigeria, Due to Naira Stability

Wilmar International Ltd., a Singapore-based agribusiness titan, is expanding its palm oil operations in Nigeria. According to the company, Nigeria's… Read More

1 month ago