Nigeria’s foreign exchange reserves fell by $832.62 million between January 6 and January 21, 2025, highlighting growing macroeconomic challenges
CBN calls on business-minded Nigerians to take advantage of the export potentials unlocked by the weakened naira.
Central Bank of Nigeria (CBN) tightens forex management, mandating 90- and 180-day deadlines for export earnings repatriation without extensions.
FirstBank Group CEO, Olusegun Alebiosu expresses confidence that the 2025 budget will offer stimulation to the Nigerian economy
Nigeria’s Broad Money Supply (M2) rose by 51% year-on-year to ₦108.95 trillion in November 2024, driven by increased domestic borrowing by the Federal Government.
Afrinvest predicts the naira may depreciate to N1,804 in 2025 due to limited FX liquidity and market demand challenges.
Technical advancements and a weakened Naira boost Nigeria’s diaspora remittances, improving living standards for many low- and middle-income.
Nigeria’s naira strengthens to N1,515 per dollar amid market reforms and improved forex inflows. Analysts predict stability around N1,500/$
Financial experts praise the Central Bank of Nigeria’s EFEMS initiative, aiming to boost transparency and efficiency in forex trading
Nigeria’s recent Eurobond issue achieved a $9 billion subscription, far exceeding the $1.7 billion target, signaling robust investor confidence and bolstering naira stability.
