Tag: naira exchange rate

Nigeria misses oil revenue target by N2.79tn despite foreign reserves rising above $50bn

Business Damilola Bayonle -
Nigeria recorded a N2.79 trillion shortfall in oil revenue during the third quarter of 2025 despite a steady rise...

CBN Naira Intervention Lifts Currency as Nigeria Tightens FX Liquidity

Business Damilola Bayonle -
Nigeria’s currency posted one of its strongest periods of relative stability in recent months after the Central Bank of...

Nigeria bond auction April 2026 set for ₦700bn raise as yields climb in high-stakes debt market

Business Damilola Bayonle -
Nigeria bond auction April 2026: FG to raise ₦700bn as borrowing costs rise, fiscal pressure intensifies Nigeria is stepping up...

Fuel, FX and Inflation Pressure Tightens on Nigeria’s Economy as Naira Stability Masks Cost Crisis

Business Damilola Bayonle -
Nigeria’s economy is currently sending mixed signals that are difficult to ignore. On paper, the naira has shown periods of...

Naira ends week at ₦1,380/$ as pound hits ₦1,760 and euro ₦1,510

Business Damilola Bayonle -
Naira exchange rate closes week steady as FX market holds narrow range Nigeria’s foreign exchange market ended the week on...

Car imports hit N4.3tn in three years as naira stability sparks demand surges in Nigeria

Business Damilola Bayonle -
Nigeria’s appetite for foreign vehicles has remained resilient, with total spending on imported passenger cars reaching a staggering N4.31tn...

CBN warns of inflation risk as Middle East war threatens Nigeria’s rate cut plans

Business Damilola Bayonle -
Nigeria’s monetary policy outlook is facing renewed uncertainty as global geopolitical tensions threaten to disrupt recent gains in inflation...

Naira gains ground: Currency strengthens to N1,357/$ as oil prices and reserves rise

Business Damilola Bayonle -
Nigeria’s foreign exchange market opened the week on a positive trajectory, as improved dollar inflows and rising crude oil...

CBN reforms pay off as parallel market premium in Nigeria’s forex market falls to under 2%

Business Damilola Bayonle -
Nigeria’s foreign exchange market reforms are beginning to show measurable outcomes, with the gap between the official and parallel...

Weekend forex update: Naira trades at ₦1,385/$ as Pound and Euro maintain strength against Nigerian currency

Business Damilola Bayonle -
Nigeria’s foreign exchange market closed the week with mixed signals as the naira continued to trade within a narrow...

Naira slides again as currency loses ground against dollar in official and black markets

Business Damilola Bayonle -
Nigeria’s local currency extended its downward trend at the end of the trading week, recording fresh losses against the...

Naira falls to N1,420/$ as currency loses N25 in single-day black market slide

Business Damilola Bayonle -
Nigeria’s currency recorded fresh pressure in the informal foreign exchange market on Thursday after losing significant value against the...