Foriegn Exchange

Business

Naira Holds Steady at N2,205/£ as Pound Sterling Strengthens Globally

The naira closed at N2,205/£ on the market as sterling strengthened globally. Analysts link Nigeria’s FX stability to Tinubu’s reforms

18 August 2025

Business

Naira Records Longest Period of Stability in 2025

The naira holds steady for nearly eight weeks at ₦1,520–₦1,537 per dollar the longest stable stretch in 2025 as CBN reforms

15 August 2025

Business

Nigerian Banks Resume Naira Card Use for International Transactions as FX Liquidity Improves

Nigerian banks like GTBank, First Bank, UBA, Providus, and Wema Bank have lifted restrictions on naira card use abroad, setting new spending limits

7 July 2025

Business

Foreign Portfolio Transactions on Nigerian Exchange Surge 88% in May 2025

Foreign transactions on the Nigerian Exchange rose by 88.54% to N118.9bn in May 2025, boosting total market activity

4 July 2025

Business

Naira Appreciates Slightly Against Dollar as FX Reforms Sustain Currency Stability

The naira strengthened slightly against the dollar on the first trading day of July 2025, as Nigeria’s ongoing FX reforms

2 July 2025

Business

Foreign Investment in Nigeria Hits Two-Year High

Foreign investments in Nigeria surged 524% in January 2025, driven by CBN’s aggressive interest rate hikes. Portfolio inflows dominate, while FDI continues to decline.

22 April 2025

Business

Naira Holds Firm Against Euro Despite Global EUR/USD Surge

Despite the euro’s surge against the U.S. dollar in global markets, the Nigerian naira remained steady on the parallel market

21 April 2025

Breaking News

CBN Injects $197.71 Million into FX Market to Boost Naira Liquidity

Central Bank of Nigeria (CBN) injects $197.71 million into the foreign exchange market to stabilise the naira, enhance liquidity, and counter global economic shifts

6 April 2025

Business

Naira Faces Continued Pressure Below ₦1,550/$ as FX Market Remains Fragile

The naira struggles below ₦1,550/$ in the parallel market despite growing FX reserves. Meanwhile, global markets await President Trump’s new tariff plans.

2 April 2025