Tag: Naira

Naira Stability and Rising Reserves: How Nigeria’s FX Reforms Impact Citizens

Nigeria's recent foreign exchange (FX) reforms are beginning to show tangible effects,…

Genesis Obong

Naira’s Recent Dip ‘Reasonable’ Amidst Global Market Turmoil, Says JP Morgan

Despite a recent dip in the Nigerian Naira against the US dollar,…

Genesis Obong

Naira Plummets to N1,600: CBN Blames Global Economic Shifts, US Tariffs

The Nigerian naira has experienced a sharp decline, reaching approximately N1,600 to…

Genesis Obong

Nigerian Naira Depreciates to ₦1,600 Against US Dollar in Official Market

The Nigerian naira experienced a significant depreciation today, falling to ₦1,600 per…

Oluwadara Akingbohungbe

Naira Climbs in Black Market, Official Rate Stable as FX Market Sees Liquidity Boost

The Nigerian naira experienced a notable divergence in its performance across the…

Genesis Obong

CBN Vows Crackdown as Naira Sees Minor Dip Amid Market Scrutiny

In a firm stance against market irregularities, Central Bank of Nigeria (CBN)…

Genesis Obong

CBN Vows to Purge FX Market, Anchor Economy on Stability

In a robust declaration, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso,…

Genesis Obong

Dangote Refinery’s Dollar Sales Sparks Market Turmoil, Amidst Export Surge and Industrial Promise

The decision by Dangote Petroleum Refinery to transact in US dollars for…

Genesis Obong