external reserves Nigeria
Naira closes week strong, gains against Dollar
The Nigerian naira closed the week on a positive trajectory, maintaining its appreciation against the United States dollar at the official foreign exchange market. Latest figures from the Central Bank of Nigeria (CBN) revealed that the naira firmed slightly to ₦1,535.04 per dollar on Friday, up from ₦1,535.78 on Thursday, signaling a modest but steady […]
Orthodox Monetary Approach by CBN Alters Nigeria’s Liquidity Flow
The Central Bank of Nigeria (CBN) has begun reaping the early fruits of its return to orthodox monetary policy, with improved reserve buffers and a modest return to profitability in 2024. However, beneath the surface of this institutional shift lies a sobering picture: soaring liquidity management costs, derivative settlement losses, and mounting operational expenses continue […]