Category : Search result: Naira performance


CBN: Economy Improving But More Work Needed

CBN Deputy Governor Emem Usoro reports inflation at 16.05%, naira below ₦1500/$ but says Nigerians yet to feel relief. Calls for fiscal-monetary policy alignment.

Nigerian Stock Market Loses N2.1 Trillion

Investors on the Nigerian Exchange lost a staggering N2.1 trillion in one week as the market closed low. Discover the top gainers, decliners, and key market trends.

Naira weakens to N1,456.72/$ as economy faces pressure

Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.

Naira loses N14.29 to dollar as trading week ends low

The Nigerian naira weakened significantly against the US dollar, closing at N1,456.72 despite rising foreign exchange reserves hitting a 7-year high. Get the latest market analysis and exchange rates.

Naira Recovers Against Dollar as FX Reserves Soar

Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.

Reps Threaten Arrest in Naira-for-Crude Probe

The House of Representatives issues a 7-day ultimatum to MDAs, threatening arrest warrants for non-compliance with the Naira-for-Crude Oil policy investigation. Full details on the escalating standoff.

EFCC Arrests Archbishop for Naira Abuse

EFCC arrests Archbishop Angel Oyeghe for naira mutilation after viral video showed money sprayed on cow during church event. Suspect faces charges under CBN Act.

CBN: Abuse of Naira is a Punishable Offence

The Central Bank of Nigeria has warned citizens against the abuse of the Naira, stating that spraying, hawking, or mutilating the currency is a punishable offence. Respect our national symbol.

CRFFN, CBI Sign Pact to Tackle Ports Corruption

CRFFN and CBI partner to combat corruption in Nigeria's logistics chain using digital tools. This move aims to boost transparency, efficiency, and the country's Logistics Performance Index.

Nigeria's FX inflows fall to $672m despite naira strength

Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.

Sell Bitcoin to Naira in Seconds with Monica Cash

Monica Cash offers Nigerians instant Bitcoin to Naira conversion at competitive rates. Convert BTC securely, pay bills, and access virtual dollar cards all in one app. Join 500,000+ trusted users today!

Don Urges Reversal of Language Policy Suspension

Professor Aderemi Obilana calls on Education Minister Dr. Tunji Alausa to reverse the suspension of Nigeria's National Language Policy, citing UNESCO research and global best practices.

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