Naira Gains at Official Market as Parallel Rate Gap Widens to 5.4%
The naira strengthened at Nigeria’s official foreign exchange market in August, supported by improved dollar liquidity and foreign exchange inflows,...
Tag Archives: #ForeignExchange
Nigerian Stocks Rise 2.36% as Naira Strengthens and FX Reserves Hit $54bn
Nigeria’s equities market closed the week on a bullish note, with the All-Share Index rising by 2.36 per cent to...
External Reserves Hit $54bn as Naira Gains Ground
Nigeria’s external reserves have risen to $54bn, reaching their highest level since 2008 and providing a boost to foreign exchange...
NASD OTC Market Retreats as Macroeconomic Pressures and Global Energy Costs Dominate Sentiment
Beyond the main exchange, activity across alternative trading platforms and macroeconomic indicators reflected a cautious stance among investors, influenced by...
Naira Strengthens to N1,332.94 as Nigeria’s FX Market Gains Support
Naira Appreciates at Official FX Market The naira recorded a fresh gain at the Nigerian Foreign Exchange Market, NAFEM, closing...
Nigeria Records $3.8bn Remittance Inflows in Seven Months, Up 50.2%
Nigeria Records $3.8bn in Remittance Inflows Nigeria recorded $3.8 billion in remittance inflows through International Money Transfer Operators, IMTOs, in...
Nigeria’s FX Utilisation Hits Record $34.59 Billion in First Half of 2026
Nigeria’s Foreign Exchange Utilisation Hits Record Level Nigeria's total sectoral foreign exchange utilisation rose to a record $34.59 billion in...
Uganda Proposed “Sovereignty Bill” Could Hit Forex Reserves and Fuel Inflation, Central Bank Warns
A proposed Ugandan law, the Protection of Sovereignty Bill 2026, could significantly reduce foreign exchange inflows and trigger inflationary pressures,...
Kenya’s Central Bank Confident in FX Reserves Amid Shilling Volatility
Kenya has sufficient foreign exchange reserves to manage any volatility in the shilling caused by the Iran conflict, the country’s...
Naira Struggles at Official Window, Depreciates to 1536/$ Amid FX Challenges
The Nigerian naira struggled at the official exchange rate window last week, shedding 1.25 percent week-on-week and closing at 1536.89/$...
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