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Tag: Naira Appreciation

Finance

Naira gains against Euro, closes at ₦1573/€

The Naira strengthened against the major European currency in the 4th session of the week. According to CBN data, the Naira closed at N1573/€1 against majors in the fourth session, slightly gaining against N1574/€1 recorded on Wednesday. Market activity indicates that the EUR/NGN cross rate has clearly weakened amid ongoing pressure from naira bulls. The […]

featured Finance

Official, parallel FX market rates show naira appreciation

The Naira demonstrated a firming trend against the United States Dollar in the early hours of Thursday, April 16, 2026, as increased market supply and strategic policy measures continued to influence currency valuations. In the Nigerian Foreign Exchange Market, the official window for currency transactions, the Naira opened the session with a notable appreciation, trading […]

Employers slam FRC over levies on private firms
Finance

Naira strengthens as remittance reforms boost FX liquidity

The naira began April 2026 on a stronger footing, appreciating across foreign exchange market segments as improved liquidity, supported by recent remittance reforms, helped lift the local currency despite declining external reserves. Data from the Central Bank of Nigeria showed the naira gained N8.02, or 0.58 percent, to close at N1,378.70 per dollar on Wednesday, […]

Employers slam FRC over levies on private firms
featured Finance

Naira stabilises as reserves hit 13-year high

The Naira maintained stability against the United States Dollar on Thursday, February 26, 2026, following the Central Bank of Nigeria’s shift into a “stabilization phase.” This development came after the Monetary Policy Committee meeting earlier in the week. The currency traded within a consolidated range, bolstered by foreign reserves reaching a 13-year high. In the […]

Finance

Naira records first weekly gain as FX liquidity improves

The naira recorded its first weekly gain of the year on Friday at the official foreign exchange market, appreciating by N7.68 as improved liquidity, supported by the Central Bank of Nigeria, strengthened market sentiment. The appreciation followed a rebound in dollar supply, which increased by 38 per cent month on month in December 2025, largely […]

featured Finance

Naira ends 2025 stronger, gains over N100 against dollar

The naira ended 2025 with a gain of more than N100 against the United States dollar across foreign exchange markets, supported by stronger external buffers, sustained policy reforms and improved liquidity conditions, as Nigeria’s external reserves expanded by 11.3 percent on a year-on-year basis. Figures from the Central Bank of Nigeria showed that the naira […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
Finance

Naira rises to N1,500.91/$ in official market, highest since March

The naira was on the rise during mid-week trading in the official market. The local currency maintained its upward trend, closing at N1,500.91 against the American dollar on the Nigerian Foreign Exchange Market. This was the highest level ever recorded since March 5 on the Nigerian foreign exchange market. The local currency dropped below the […]

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