Tag: FX market

Naira gains, but $1.14bn reserves drop signals pressure on CBN strategy

Business Damilola Bayonle -
Naira Rises as CBN Mops Up N2.3trn, Despite $1.14bn Reserves Pressure Nigeria’s currency strengthened last week after aggressive liquidity tightening...

CBN’s new remittance rules set to transform how Nigerians receive money from abroad

Business Damilola Bayonle -
CBN remittance rules Nigeria: New policy to reshape diaspora inflows, boost transparency Nigeria’s foreign exchange landscape is set for another...

Naira gains in black market after CBN rate cut as Dollar slips to N1,390 mid-week

Business Damilola Bayonle -
Naira gains in black market after CBN cuts interest rate as mid-week FX volatility persists The naira staged a modest...

CBN grants BDCs $150,000 weekly FX sales access to stabilize naira and boost market liquidity

Business Damilola Bayonle -
CBN Approves $150,000 Weekly FX Sales to Licensed BDCs to Boost Market Liquidity The Central Bank of Nigeria (CBN) has...

Naira ends January stronger at 1,386/$ as FX stability returns

Business Damilola Bayonle -
Nigeria’s currency ended January 2026 on a stronger footing, with the naira appreciating against the United States dollar at...

Naira under pressure again as dollar supply crunch hits FX markets

Business Damilola Bayonle -
Naira Weakens as FX Supply Constraints Persist Across Markets Nigeria’s currency market came under renewed pressure last week as the...

Naira opens 2026 stronger at N1,430/$ | FX analysts predict stability

Business Damilola Bayonle -
Naira Opens 2026 Stronger: Stability Signals Positive Start for Nigeria’s Currency Nigeria’s naira began the first trading day of 2026...

Naira ends 2025 higher at official FX market — Stronger liquidity boosts confidence

Business Damilola Bayonle -
Naira Ends 2025 Higher as Investors Record Stronger Confidence in Official FX Market The Naira ends 2025 higher at the...

IMTOs inflows decline: CBN data reveals $276m shock drop and Rlrising FX concerns

Business Damilola Bayonle -
IMTOs inflows decline raises fresh concerns for Nigeria’s FX market Nigeria’s external revenue profile came under renewed scrutiny in the...

CBN woos global investors with reforms — Nigeria signals strong policy stability

Business Damilola Bayonle -
CBN woos global investors with reforms Nigeria’s ongoing macroeconomic reforms have taken centre stage on the international investment circuit as...

Dollar to Naira exchange rate today steadies as CBN reforms narrow FX gaps

Business Damilola Bayonle -
Nigeria’s foreign exchange market maintained a relatively stable outlook on Wednesday, December 10, 2025, with both official and parallel...

Pound and Euro to Naira exchange rate today: Shocking new figures shake Nigeria’s FX market

Business Damilola Bayonle -
Nigeria’s foreign exchange market opened the week with renewed volatility as both the British pound and the euro strengthened...