Tag: Naira Appreciation

Unexpected inflation drop fuels rate cut calls — FXTM says CBN now has room to ease after surprise January data

Business Damilola Bayonle -
Fresh signals from Nigeria’s inflation data have intensified expectations of a possible monetary policy shift, as analysts say the...

Nigerian stocks surge 31% in 2026, rank second globally in dollar returns

Business Damilola Bayonle -
Nigerian Stocks Deliver World’s Second-Best Dollar Returns as Market Reclaims $21bn Nigeria’s equities market has staged a remarkable comeback in...

Eurobond boost to lift FX reserves to $45bn, sparks investor optimism

Business Damilola Bayonle -
Nigeria’s foreign exchange reserves are projected to rise significantly to $45 billion by the end of 2025, following a...

BDC operators raise alarm over dollar scarcity amid CBN reforms

Business Damilola Bayonle -
The Association of Bureau De Change Operators of Nigeria (ABCON) has raised fresh concerns over the persistent dollar scarcity...

Naira Forecast: Analysts predict naira to end 2025 between ₦1,400-₦1,450 per dollar

Business Damilola Bayonle -
The outlook for Nigeria’s local currency has brightened as financial analysts project that the naira will close the year...

Naira hits 10-month high on strong FX inflows and investor confidence

Business Damilola Bayonle -
Nigeria’s local currency, the naira, has reached its highest level in 10 months, buoyed by strong foreign exchange inflows...

Strong FX inflows lift naira to ₦1,497/$ as reserves rise

Business Damilola Bayonle -
Nigeria’s currency recorded a significant rebound on Monday, with the naira trading below the ₦1,500 per dollar mark for...

CBN’s bold dollar push boosts naira stability

Business Damilola Bayonle -
The naira, long plagued by volatility and speculation, is showing rare signs of resilience. Thanks to the Central Bank...

Naira closes week strong, gains against Dollar

Business Damilola Bayonle -
The Nigerian naira closed the week on a positive trajectory, maintaining its appreciation against the United States dollar at...

Naira Surges to N1,600 Against Dollar, Hits Weekly High

Business Damilola Bayonle -
The Nigerian naira has experienced a significant boost in the official foreign exchange market, reaching its highest value against...