Naira Hits Two-Year High, But Few Nigerians Feel the Gain
The naira has climbed to its strongest level in two years, with the official exchange rate reaching ₦1,326.69 per dollar ...
Tag: naira
CBN Withdraws ₦4.72tn as OMO Demand Hits ₦8.62tn
The Central Bank of Nigeria (CBN) withdrew ₦4.72 trillion from the banking system through four Open Market Operations (OMO) auctions ...
Naira Strengthens to ₦1,337/$ as Reserves Hit 17-Year High
Nigeria’s naira strengthened over the week to close at about ₦1,337 per dollar at the Nigerian Foreign Exchange Market (NFEM) ...
Nigeria’s Foreign Reserves Hit $53bn, Nearing 17-Year High
Nigeria’s foreign exchange reserves have climbed above the $53 billion mark for the first time in more than 17 years, ...
Why Nigerians Are Turning to Gold
Gold is increasingly attracting the attention of Nigerian investors as people look for ways to protect their money from currency ...
₦100,000 Buys Less as Inflation Bites
A year ago, ₦100,000 stretched further at the market, the fuel station, and the school run. Today, the same note ...
Nigeria’s Foreign Reserves Jump to $52.66bn in 2026
Nigeria’s external reserves have recorded a strong increase in 2026, gaining $7.09 billion since the beginning of the year as ...
Rent Is the New Buy
Rising inflation, a weak naira and high interest rates are pushing Nigerian consumers and businesses toward a “pay-per-use” model, fuelling ...
Naira Firms as Inflation Eases, but Food Prices Keep Pressure High
Nigeria’s naira strengthened over the past week, closing at ₦1,346.49 per dollar at the Nigerian Foreign Exchange Market (NFEM), while ...
Dangote Sugar Raises ₦486bn in Fresh Cash
Dangote Sugar Refinery Plc, Nigeria’s largest sugar producer, raised 486 billion naira ($356 million) in a rights issue that was ...
