• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, July 7, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Naira Seen Gaining Ground As Forex Liquidity Improves – Analysts

by BUKOLA ARO-LAMBO
4 hours ago
in Business
Naira
Share on WhatsAppShare on FacebookShare on XTelegram

The value of the naira is expected to remain stable hovering within the N1,500 to the dollar benchmark buoyed by improving foreign exchange liquidity, rising investor confidence, and targeted Central Bank interventions, according to analysts and market observers.

Advertisement

Having closed last week at N1,528.56 to the dollar at the official end of the market and N1,530 at the parallel market, industry watchers and analysts say they expect the naira to gain marginally this week on improved liquidity.

According to the head of Financial Institutions Ratings at Agusto & Co., Ayokunle Olubunmi, current indicators suggest the naira could record further gains this week, as he cited increased market liquidity and foreign inflows.

“Everything seems to be working in favour of the naira—at least for this week. Liquidity for the naira is improving, and we’re seeing a gradual return of foreign investors on the Nigerian Exchange. This has helped the Central Bank of Nigeria (CBN) strengthen its buffer and manage market delays more effectively”, he said.

Noting that an appreciation of between N10 to N5, though slight, would be notable especially when compared to the heavy depreciation witnessed two years ago, he said looking at the market, “things are improving. Just a day or two ago, we saw an uptick.

RELATED

Aviation Fuel Soars To N1,315/Litre Despite Oil Price Dip

Aviation Fuel Soars To N1,315/Litre Despite Oil Price Dip

4 hours ago
Lasaco Assurance Attains ISO/IEC 27001:2022 Certification

Lasaco Assurance To Partner FG On Agric, Food Security

4 hours ago

“Liquidity for the naira is actually improving, and it looks like foreign investors are trickling in gradually. This increase in liquidity is helping the Central Bank boost its buffer. That ultimately strengthens the CBN’s ability to stabilize the market and manage delays in liquidity.”

 

Ayokunle noted that in the short term, there is no outlook for any significant depreciation, saying “in fact, we might even see a slight appreciation of the naira this week. However, he cautioned that seasonal pressures, particularly end-of-month demand for school fees and summer travel, could temporarily put a strain the naira.

 

On a similar note, analysts at Cowry Asset Management also expect the local currency to retain its recent momentum, citing a softer U.S. dollar and rising global oil prices as key external supports. “The recent strength in the naira reflects a combination of rising forex inflows, CBN reforms, and targeted interventions aimed at improving dollar supply,” Cowry said in a market note.

 

Last week the naira appreciated by 0.65 per cent week-on-week to N1,528.56 in the official market, while the parallel market rate strengthened by 2.29 per cent to close at N1,530 to the greenback. The improvement comes despite global oil price volatility, as Brent crude slipped to $68.58 per barrel amid shifting OPEC+ signals and geopolitical developments in the Middle East.

 

According to Cordros Research, the naira is likely to remain relatively stable in the near term, thanks to improved FX supply from both domestic and foreign sources. “Nonetheless, we highlight the possibility of gradual depreciation should global pressures reemerge,” the firm stated in its mid-year outlook.

 

Meanwhile, gross external reserves declined for the seventh straight week, falling by $138.3 million to $37.18 billion as of July 2, 2025. In the forwards market, the naira appreciated across all tenors, with the 1-month, 3-month, 6-month, and 1-year contracts gaining between 1.1 and 4.0 per cents.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Naira
SendShareTweetShare
Previous Post

After 40 Years Rule, 80-yr-old Museveni Bids To Remain In Power

Next Post

Aviation Fuel Soars To N1,315/Litre Despite Oil Price Dip

BUKOLA ARO-LAMBO

BUKOLA ARO-LAMBO

You May Like

Aviation Fuel Soars To N1,315/Litre Despite Oil Price Dip
Business

Aviation Fuel Soars To N1,315/Litre Despite Oil Price Dip

2025/07/07
Lasaco Assurance Attains ISO/IEC 27001:2022 Certification
Business

Lasaco Assurance To Partner FG On Agric, Food Security

2025/07/07
Bridging Africa’s Tech Skills Gap: Heirs Technologies i-Academy Graduates 100
Business

Bridging Africa’s Tech Skills Gap: Heirs Technologies i-Academy Graduates 100

2025/07/07
9 States Receive N670.55bn 13% Oil Derivation Funds in 5 Months
Business

9 States Receive N670.55bn 13% Oil Derivation Funds in 5 Months

2025/07/07
Zenith Bank Finalises Plans For N290bn Rights Issue, Public Offer
Business

Zenith Bank, 12 Others Raise N1.899trn From New Share Listings

2025/07/07
Ex-NAMA MD Decries $300 Helicopter Landing Fee
Business

Ex-NAMA MD Decries $300 Helicopter Landing Fee

2025/07/07
Leadership Conference advertisement

LATEST

Ex-Reps Speaker Agunwa Anakwe Dies At 74

JUST-IN: Gunmen Kill Soldier As Security Agents Rescue Chinese National In Kogi

Trump Threatens 10% Tariff On Countries Aligning With BRICS

Ex-Jigawa NUJ Chairman Fahad Malamadori Dies At 55

Gov Aiyedatiwa To Receive IAWPA’s Mayor Of Peace Award On Int’l Cooperative Day

BREAKING: Olubadan, Oba Olakulehin, Dies After 1 Year On Throne

Nigeria’s Enekwechi Sets New African Record In Men’s Shot Put

Apute Crowned Overall Winner At 2025 NOG Energy Week Golf Tourney

WAFCON 2024: Super Falcons Cruise To Winning Start, Thrash Tunisia 3-0

NNL Super 8: Crown FC Threaten To Challenge Khalifat FC Victory

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.