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THE naira recorded gains across the four trading sessions of the week, supported by the Central Bank of Nigeria’s (CBN) aggressive liquidity tightening through Open Market Operations (OMO). The move helped attract foreign portfolio inflows and strengthened demand for the local currency. Data from the CBN indicated that the naira appreciated by N23.90 week-on-week to […]
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NIGERIA’S current account surplus dropped sharply in the fourth quarter (Q4) of 2025, falling by 65.52 percent to $1.4 billion from $4.06 billion recorded in the third quarter (Q3). Figures released by the Central Bank of Nigeria (CBN) on Wednesday also showed that the country’s overall balance of payments position weakened, declining to a $2.67 […]
The naira weakened further on Friday, closing at N1,393 per dollar, its lowest level since January 29 this year, as pressure in Nigeria’s foreign exchange market persisted. Data from the Central Bank of Nigeria (CBN) showed the local currency depreciated from N1,387/$ recorded on Thursday, reflecting renewed demand for the U.S. dollar and limited foreign […]
THE renewed strength of the U.S. dollar has direct and indirect consequences for naira-denominated assets, including government bonds, treasury bills, equities, and real estate. When the greenback appreciates globally, it reshapes capital flows, risk appetite, and valuation dynamics across emerging markets like Nigeria. The dollar index, which measures the greenback against six major peers, went […]
THE explosive 140 percent growth in naira-denominated mutual funds is no longer just a currency story; it is fast becoming one of the biggest commercial opportunities in Nigeria’s financial sector. As investors retreat from dollar-based assets and re-enter local markets, banks, asset managers and fintechs are being handed a rare opening to redesign how Nigerians […]
NIGERIA’s currency strengthened further on Wednesday, continuing a rally that has seen the naira reach its highest official level in nearly two years. At the Nigerian Foreign Exchange Market (NFEM), the naira closed at N1,358.28 to the US dollar, reflecting renewed confidence in the foreign exchange (FX) system as external reserves rise and oil prices […]
NAIRA hit a 2-year high of 1,396.9909 to the dollar on Thursday, gaining 3.39, but the dollar weakened to its lowest level in at least 4 years on United States’ President Donald Trump’s policies and the growing possibility of an American shutdown. On Wednesday, the naira strengthened to its best level in 22 months, closing […]
NIGERIA’s currency has strengthened to its best level in nearly two years, with the naira closing at N1,400 per dollar at the official foreign exchange (FX) market, a milestone that signals growing confidence in the country’s economic reforms and improving financial stability. Data from the Central Bank of Nigeria (CBN) show that the naira appreciated […]
THE naira posted modest gains across Nigeria’s foreign exchange markets on Monday, supported by a sharp improvement in the country’s external buffers, with official reserves rising to an eight-year high of $46.01 billion. The stronger reserve position has helped ease liquidity pressures in the FX market and reinforced confidence in the local currency. Data released […]
NIGERIA’s currency is still trading below its fair value, with fresh estimates showing the naira is about 11 percent undervalued when measured against global purchasing power. Managing Director of Financial Derivatives Company, Mr Bismarck Rewane, disclosed this at the 2026 Economic Outlook forum hosted by the Association of Corporate Treasurers of Nigeria (ACTN), where he […]