Cost-of-Living Squeeze Deepens as Consumption Drops Despite Higher Nominal Spend
Nigeria’s cost-of-living pressures are translating into a measurable decline in household consumption, with a new analysis indicating that real spending ...
Tag: naira
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 ...
Naira Posts Modest Gains Amid FX Market Reforms
The naira has recorded a marginal appreciation at the official foreign exchange market, reflecting early signs of stability following recent ...
Naira Struggles as Parallel Market Dollar Rate Surges
On Thursday, January 22, 2026, the Nigerian naira continued its precarious dance with the US dollar, reflecting persistent volatility in ...
FX Reforms Pay Off as Naira Records Best Performance in Over a Decade
Nigeria’s naira is expected to remain relatively stable this year after recording its strongest performance in more than a decade ...
CBN Tightens Travel-Dollar Rules as Naira Slips Further Against Dollar
The Central Bank of Nigeria (CBN) has announced new rules governing how travellers can access foreign exchange, as the Nigerian ...
Naira Depreciation Persists Amid Demand Pressure
The naira has recorded a decline for seven consecutive trading days, signaling sustained pressure on the Nigerian foreign exchange market. ...
Naira Gains Ahead of 303rd MPC Meeting, Hits N1,452/$1
The Naira has recorded modest gains across the foreign exchange market, appreciating to N1,452/$1 on Monday, ahead of the highly ...
Nigeria’s Costly Gamble: High-Interest Debt Fuels Growth Fears and Fiscal Strain
As Nigeria’s sovereign debt balloons to a staggering ₦152 trillion (approximately $190 billion), the nation finds itself walking a fiscal ...
Naira Steadies Below N1,450 to Dollar as Policies Strengthen Currency
The naira continued its recent recovery on Wednesday, trading at around N1,445 to the dollar at the parallel market, slightly ...
