Tag: Naira

Nigeria’s wage crisis deepens as inflation crushes incomes, labour pushes new pay system

Business Damilola Bayonle -
Nigeria’s Wage Crisis Deepens: Labour Pushes Inflation-Linked Pay as Rising Costs Crush Workers As living costs rise by up to...

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 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 approves 100% forex repatriation for oil firms in major market reform

Business Damilola Bayonle -
Nigeria’s monetary authorities have introduced a significant policy shift aimed at recalibrating foreign exchange dynamics in the oil and...

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...

Tinubu: Naira to exchange for 1000 to $1 in weeks amid reform gains

Business Damilola Bayonle -
Naira to Exchange for 1000 to $1 in Weeks President Bola Tinubu has declared that the naira is on course...

Naira strengthens against dollar: official and parallel market update, February 10, 2026

Business Damilola Bayonle -
Naira shows resilience as dollar exchange rate stabilises The Nigerian Naira continued its upward momentum on Tuesday, February 10, 2026,...

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 breaks N1,400/$ barrier for first time in over a year as FX confidence returns

Business Damilola Bayonle -
Nigeria’s currency has recorded a significant psychological and market milestone after the naira strengthened below the N1,400/$1 threshold on...

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 strengthens: Parallel market rate falls to N1,490/$ as official rate hits N1,420

Business Damilola Bayonle -
Naira Strengthens in Parallel Market as Gap with Official Rate Narrows Nigeria’s foreign exchange market witnessed a modest but significant...