
CBN Pumps $428m into Forex Market to Defend Naira in less than 2 weeks
In a decisive bid to bolster the Nigerian naira, the Central Bank of Nigeria (CBN) pumped $428 million into the

In a decisive bid to bolster the Nigerian naira, the Central Bank of Nigeria (CBN) pumped $428 million into the

The naira has surged to N1539.7248 per US dollar on the Central Bank of Nigeria’s official foreign exchange platform. This

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,

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

Trading on the Nigerian Exchange (NGX) ended on a negative note Tuesday, with the All-Share Index (ASI) shedding 0.10% to

The Nigerian Naira extended its gains against the U.S. Dollar on Wednesday, appreciating by 0.21% to close at N1,596.70 per

The Nigerian equities market posted another positive session on Monday, May 13, 2025, as investors rotated into energy and industrial

The naira lost value against the dollar at both official and parallel foreign exchange markets on Wednesday, for the first

The Nigerian naira fell against the U.S. dollar at the official market, closing at N1,604.00/$1 on Tuesday, down from N1,599.00/$1

The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the

On Wednesday, the Nigerian Naira depreciated, to ₦1,585 per dollar in the parallel market, down from ₦1,565 the previous day.

Nigeria’s naira has staged an impressive recovery in recent weeks, rebounding from a historic low of N1,900 per US dollar











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