Stronger reserves improve Nigeria’s external position, but currency stability remains a key concern.
Nigeria's foreign exchange market remains an important focus for investors and businesses as the country seeks to strengthen its external...
Tag Archives: #Naira
Naira Strengthens to a Two-Year High Against the Dollar
Nigeria’s naira has strengthened significantly against the US dollar, reaching a two-year high in the official foreign exchange market. The...
NAIRA FALLS TO ₦1,382 PER DOLLAR
The Nigerian naira has weakened against the United States dollar in the latest foreign exchange trading. As of September 29,...
Naira Gains as Dollar Falls to ₦1,385 in Parallel Market
The Nigerian naira recorded a modest gain against the United States dollar on Wednesday, September 23, 2026, despite the Central...
Naira Strengthens to N1,320/$ as Bond, Treasury Bill Yields Decline
The naira strengthened marginally at the official foreign exchange market on Tuesday as increased demand for government securities pushed yields...
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,...
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...
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...
Naira Strengthens to N1,338 as Reserves Rise Above $53 Billion
Naira Gains as Offshore Inflows Support Market The naira strengthened during the week as increased offshore foreign exchange supply improved...
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