Category : Search result: Dollar scarcity

CBN Injects $150 Million to Stabilize Naira as Forex Inflows Drop by 50%

CBN Pumps $150M to Defend Naira Amid Forex Crunch

The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.

Motorists Demand More Dangote Petrol Stations as MRS Queues Grow

Fuel Scarcity: Calls for More Dangote Partner Stations

Nigerian motorists face long queues at few MRS stations selling Dangote petrol at N739. They urge the refinery to partner with more outlets for wider access to affordable fuel. Report stations selling above price.

Naira Rebounds as CBN Injects $150 Million: Official Rate Strengthens to ₦1,456.56

CBN Intervention Boosts Naira, Dollar Rate Improves

The Nigerian naira staged a strong recovery on Monday after the Central Bank sold $150 million to dealers. The official rate appreciated to ₦1,456.56 per dollar, easing short-term pressure. Read the full analysis.

Dangote Refinery Sells Petrol at N739/Litre Through MRS Stations Nationwide

Dangote Refinery Petrol Sales Start at N739/Litre

Dangote Petroleum Refinery begins nationwide petrol sales at N739 per litre via MRS stations. The refinery pledges 50 million litres daily supply to stabilize the market and urges consumers to report overcharging.

Dangote Refinery Sells PMS at N739 via MRS Stations Nationwide

Dangote Sells Fuel at N739 via MRS Stations

Dangote Refinery begins nationwide PMS sales at N739 per litre through MRS stations, warns against artificial scarcity, and urges Nigerians to report non-compliance for economic relief.

Naira Volatility: Official and Black Market Rate Gap Widens to N25

Naira Rate Gap Widens as Dollar Demand Rises

The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.

American Doctor Found Dead in Miami Dollar Tree Freezer, Investigation Ongoing

Doctor Found Dead in Miami Store Freezer

The body of Dr. Helen Massiell Garay Sanchez, 32, was discovered inside a Florida Dollar Tree freezer. Police are investigating the 'unclassified death' as her family seeks answers and support.

CBN Deploys $250 Million to Defend Naira, Bolstered by $45.44 Billion Reserves

CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B

The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.

Naira Holds Firm Amid 'Detty December' Dollar Rush: CBN Reserves Hit $45.44bn

Naira resilient despite festive dollar demand surge

The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.

Naira Falls to N1,454/$1 as Festive Spending Intensifies FX Pressure

Naira Drops to N1,454/$1 Amid Festive Dollar Demand

The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.

Naira Under Pressure: CBN Releases New FX Rate as Gap Widens to N12.17

Naira Falls as CBN Releases New FX Rate, Gap Widens

The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.

FG Sets 2026 Budget Exchange Rate at N1,512/$1, Unveils N50.74trn Revenue Plan

FG Sets 2026 Budget Exchange Rate at N1,512/$1

The Federal Government has announced a N1,512 to $1 exchange rate for the 2026 budget. Discover the key projections for oil, revenue, and spending in the new fiscal framework.

Indian Rupee Hits Record Low Past 90 Per Dollar Amid Trade Deal Delays

Indian rupee hits record low past 90 per dollar

India's rupee falls to a historic low beyond 90 against the US dollar, driven by foreign outflows and stalled US trade talks. Analysts see a new market-aligned approach from the central bank. Read more for the full analysis.

Naira Gets 64% Boost as Dollar Inflows Hit $841 Million in FX Market

Naira Strengthens as Dollar Inflows Surge Over 64%

The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.

Nigerian Mother's $20 Trick: Daughter Gets N460 for $28,000 Gift

Mother tricks daughter, swaps $20 gift for N460

A Nigerian mother's viral TikTok video shows her exchanging her daughter's $20 gift for just N460. The story sparks online debate about parenting and financial literacy. Read the full story and reactions.

CBN Injects $36.60 Million to Banks as Naira Faces Depreciation Pressure

CBN sells $36.60m to banks amid naira depreciation

Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.

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