Naira Weakens as Slowing Inflows, Reserve Decline Test FX Stability
The naira has come under renewed pressure as slowing foreign exchange inflows and a decline in Nigeria's external reserves test ...
Tag: External Reserves
Naira Weakens to N1,389/$ as External Reserves Drop by $850m
Nigeria’s currency came under renewed pressure as the naira weakened to N1,389 per dollar, following a sharp decline in the ...
Liquidity Pressures Drive Naira to Weekly Loss
Nigeria's Naira concluded the trading week on March 27, 2026, with a significant decline against the United States dollar, despite ...
CBN Reforms Restore Investor Confidence as Bank Recapitalisation Nears Completion
The Central Bank of Nigeria has announced the implementation of bold and far-reaching reforms aimed at strengthening the nation’s economy ...
CBN Slashes Ways and Means Lending by Nearly 90 Percent
Olayemi Cardoso has announced a sharp reduction in the Central Bank of Nigeria’s financing to the federal government, cutting “ways ...
Nigerians Repay ₦1.33tn Loans as Debt Drops
In a major shift toward household deleveraging, Nigerians repaid approximately ₦1.33tn in personal loans over a twelve-month period, driven by ...
Ghana Approves Gold-Backed Reserve Accumulation Policy
Ghana's parliament has approved the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), the country's first comprehensive framework aimed at rapidly ...
Naira Hits N1,390 on Black Market as Gap Closes 2.5%
The Nigerian Naira strengthened sharply on Monday, February 16, 2026, reaching N1,390 per dollar gaining N30 from N1,420 quoted on ...
Naira Hits Two-Year High at N1,400/$ as FX Reforms Boost Confidence
The naira strengthened to a two-year high of about N1,400 to the dollar at the official foreign exchange market on ...
Nigeria’s External Reserves Break $45 Billion Barrier for the First Time Since 2019
Nigeria’s external reserves have surged past the $45 billion mark, reaching $45.04 billion according to the latest figures from the ...
