Businesses Lean On Appreciating Naira As Confidence Index Doubles
Nigerian businesses are expressing renewed confidence in the country’s economic trajectory, with fresh data pointing to a significant upswing in ...
Tag: Naira
FRC Reaffirms Confidence In Naira Amid Inflation
Financial Reporting Council of Nigeria (FRC) has reaffirmed its confidence in the strength of the naira, citing strong investors’ appetite ...
Naira’s 3.6% Decline Against Dollar ‘Reasonable’ Compared To Peers – JP Morgan
Naira’s steep fall against the US dollar over the past week has been ‘reasonable’ compared to other frontier and emerging ...
Foreign Trade Surges To N138trn Amid Naira Devaluation
Nigeria’s total merchandise trade saw significant growth in 2024, driven by devaluation of the Naira and the expansion of exports. ...
Forex Inflow Declines As Naira Dips To N1,556/$
Nigeria’s foreign exchange inflows declined by 12.9 per cent month-on-month (m/m) to $4.12 billion in February, down from $4.74 billion ...
FG Spends $8bn To Stabilise Naira
The federal government has spent about $8 billion to stabilise the exchange rate of the Naira to the US dollar ...
Naira Continues Upward Trend As Speculators Count Losses
The naira recently sustained its rally at the official and parallel markets, continuing an upward trend against the U.S. dollar. ...
Reserves Decline By $1.16bn As Naira Firms
The value of naira continued to appreciate at both the official and parallel ends of the market as the 30-days ...
Naira Firms To N1,610/$ As CBN Extends Sales To BDCs
The value of the naira continued to gain strength at the parallel market as the Central Bank of Nigeria extended ...
Naira Sustains Gain On Parallel Market, Weakens To N1,534/$1 On NEFM
The value of the naira for the second day trading continued its appreciation, while it depreciated on the official end ...
