Central Bank of Nigeria (CBN) injects $197.71 million into the foreign exchange market to stabilise the naira, enhance liquidity, and counter global economic shifts
The naira struggles below ₦1,550/$ in the parallel market despite growing FX reserves. Meanwhile, global markets await President Trump’s new tariff plans.
Naira has seen depreciation following the Trans-Niger Pipeline (TNP) explosion and the political tensions in Rivers State.
The Naira gained 8.5% on the parallel market in February 2025, closing at ₦1,490/$ as the CBN’s forex interventions bolstered the currency
CBN inflation control strategy aims to bring inflation rate down to a single-digit level as CBN Governor reaffirmed the MPC meeting decision
Nigeria’s foreign exchange reserves fell by $832.62 million between January 6 and January 21, 2025, highlighting growing macroeconomic challenges
CBN calls on business-minded Nigerians to take advantage of the export potentials unlocked by the weakened naira.
Central Bank of Nigeria (CBN) tightens forex management, mandating 90- and 180-day deadlines for export earnings repatriation without extensions.
FirstBank Group CEO, Olusegun Alebiosu expresses confidence that the 2025 budget will offer stimulation to the Nigerian economy
Nigeria’s Broad Money Supply (M2) rose by 51% year-on-year to ₦108.95 trillion in November 2024, driven by increased domestic borrowing by the Federal Government.
