Tag: Foreign reserves

CBN signals economic reset as inflation drops sharply, reserves surge past $50bn

Business Damilola Bayonle -
CBN reforms drive macroeconomic recovery as inflation eases, reserves surge Nigeria’s macroeconomic outlook is showing early signs of stabilisation as...

CBN gold holdings hit $3.5bn as Nigeria adds locally refined gold to foreign reserves

Business Damilola Bayonle -
Nigeria’s external reserve profile has received a notable boost following the addition of domestically refined gold to the country’s...

Naira slips to N1,378/$ as Middle East tensions shake global market

Business Damilola Bayonle -
Amid Hostilities In Middle East, Naira Weakens To N1,378/$ Nigeria’s currency came under renewed pressure at the start of the...

FX for business travels soar by 366% to $672m as improved dollar access drives overseas corporate expansion

Business Damilola Bayonle -
Nigeria’s foreign exchange utilisation for overseas business trips surged sharply in 2025, reflecting renewed corporate expansion, improved FX liquidity...

Naira slips to 1,456.72/$ as demand pressure widens trading band

Business Damilola Bayonle -
Naira slips to 1,456.72/$ amid persistent FX demand pressure Nigeria’s foreign exchange market witnessed another week of volatility as the...

Nigeria exits FATF Grey List: Naira gains, foreign reserves top $43bn

Business Damilola Bayonle -
FATF Grey List Exit Sparks Optimism in Nigerian Financial Markets Nigeria’s financial markets have received a major boost following the...

Naira Performance Strengthens as CBN Policies Bolster FX Market Stability

Business Damilola Bayonle -
The naira performance across foreign exchange markets remained mixed over the past week, as the local currency gained strength...

Foreign Reserves soar $900M in three Days, boosting naira stability

Business Damilola Bayonle -
Nigeria’s gross foreign reserves have continued their upward trajectory, recording a remarkable $900 million increase over three days to...