With global oil prices falling to around $64 per barrel, far below Nigeria’s $75 budget benchmark, the country faces renewed fiscal pressure and foreign exchange challenges. However, sweeping reforms by …
The naira recorded its highest appreciation this year at the close of October, strengthening to ₦1,421.73 per dollar at the Nigerian Foreign Exchange Market, according to data released by the …
The naira appreciated against the United States dollar in the official foreign exchange market on Monday, closing at ₦1,465.29 per dollar, even as Nigeria recorded a sharp 33 per cent …
Nigeria’s external reserves have risen to their highest level in six years, crossing the $42bn threshold for the first time since September 2019. Fresh data from the Central Bank of …
The naira recorded a slight gain on the Nigerian Foreign Exchange Market on Friday, closing at ₦1,531.57 per dollar. This marked a 0.23 per cent appreciation compared to the previous …
The Nigerian naira lost a little ground in the official foreign exchange market on Monday, slipping from N1,535.03 to N1,536.42 per dollar. The minor drop, according to market analysts, was …
The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
The Nigerian naira on Wednesday reached its strongest level in over two months, closing at ₦1,565.46 to the dollar at the official foreign exchange (FX) market. This marked a ₦13.82 …
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …
International credit rating agency, Fitch Ratings, has upgraded Nigeria’s long-term foreign-currency rating from ‘B-‘ to ‘B’, changing the country’s outlook from negative to stable. This announcement was made in a …