Naira falls against dollar despite rising FX reserves
Naira depreciates to N1,442.43/$1 in official market as foreign exchange demand increases ahead of festive season. Nigeria's FX reserves climb to $43.5 billion - the highest level in six years.
Category : Search result: CBN dollar sales
Moghalu: Emefiele was political poodle, not banker
Ex-CBN deputy governor Kingsley Moghalu describes Godwin Emefiele's tenure as disastrously incompetent. Read the explosive analysis of Nigeria's economic challenges.
SERAP to CBN: Account for Missing N3tr or Face Lawsuit
SERAP demands CBN Governor explain missing N3 trillion public funds documented in Auditor-General's 2022 report. Legal action threatened if no response within 7 days.
CBN Sells $50m to Banks as Naira Falls Amid Dollar Demand
Central Bank intervenes with $50 million FX sale to Access, Zenith, UBA amid naira volatility. Naira falls to N1,472/$ in parallel market despite reserves growth. Read latest analysis.
Moghalu: Emefiele was disastrous CBN governor
Former CBN deputy governor Kingsley Moghalu condemns Godwin Emefiele's tenure, calling it disastrous and politically compromised. Read the full analysis of Nigeria's economic decline.
CBN Rate Hikes Boost Fixed Income Demand in Nigeria
CBN's aggressive 875bps interest rate hikes in 2024 dramatically increased demand for fixed income instruments while crowding out private sector borrowing. Discover key market impacts.
Naira gains as external reserves reach $43.4 billion
Nigeria's naira recovers against USD, trading at N1441 after external reserves surge to $43.4bn. Market sentiment improves as blocked funds decline. Read latest FX updates.
Sales Leader Releases AI Guide Free to Empower Professionals
Industry veteran Kayode Kolawole explains why he's giving his sales AI book free to junior professionals. Discover how this move democratizes knowledge for Nigeria's sales force.
Cartier Owner Richemont Reports €10.6B Sales Amid Asia Recovery
Swiss luxury group Richemont, owner of Cartier, reports strong €10.6 billion sales driven by jewellery demand and Asian market recovery. Discover how luxury sector navigates economic challenges.
China Retail Sales Growth Slowest in Over a Year
China's retail sales grew at just 2.9% in October 2025, the slowest pace in over a year, highlighting persistent consumer challenges. Discover the economic implications.
New Bank Lending Rates Released by CBN for 2025
Central Bank of Nigeria publishes updated lending rates for Access Bank, UBA, Zenith Bank and others. See the new prime and maximum rates affecting loans.
NASS Officials Jailed for N4.8m Job Fraud
ICPC secures conviction of two National Assembly staff for a N4.8m job scam involving fake CBN and FIRS employment. Justice served as convicts refund money. Beware of fake job offers!
Naira falls to 10-day low against US dollar
Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.
Naira Gains as Pound Sterling Falls Below N2,000 Mark
Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.
Islamic Banks in Nigeria Increase to Five with New Entry
Summit Bank Limited begins operations as Nigeria's fifth Islamic bank, expanding Sharia-compliant financial services accessible to all Nigerians regardless of religion.
PS5 Sales Surge Past 58 Million Globally
Sony's PlayStation 5 surpasses 58 million units sold worldwide, becoming one of the fastest-selling consoles ever. Discover the factors behind this incredible success story.
GTBank Raises Naira Card Dollar Limit to $6,000
GTBank has increased international spending limits on naira cards from $1,000 to $6,000 per quarter. The move reflects improved forex liquidity and market stability. Learn how this affects Nigerian cardholders.
Naira Exchange Rate Stable Amid FX Reserve Growth
Nigerian naira shows minimal movement across forex markets as external reserves reach $43.34 billion. Expert analysis reveals stability outlook amid fluctuating dollar supply.
Sony hikes profit forecast 8% on Demon Slayer success
Sony increases full-year profit forecast by 8% to $6.8 billion, driven by Demon Slayer box office hit and strong PlayStation sales. Shares jump 5.7%.
Sony hikes profit forecast on gaming, anime boom
Sony increases its full-year profit forecast to ¥1.05 trillion, driven by the global success of Demon Slayer anime and strong PlayStation sales. Discover how the entertainment giant is thriving.
Standard Chartered Nigeria Closing Branches from 2026
Standard Chartered Bank Nigeria announces branch closures starting January 2026 as part of digital transformation strategy. Bank confirms meeting CBN's N200bn capital requirement early.
First Bank Holdings Posts N450.9B Profit
First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.
Naira Falls Again: Loses Ground Against US Dollar
The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.
CBN's Critical Rate Decision: Hold or Hike Amid Economic Pressures?
Nigeria's Monetary Policy Committee faces tough choices as inflation soars and economic growth slows. Experts analyze potential outcomes ahead of crucial rate decision.
McDonald's Sales Surge 5.4% Despite Economic Pressures
McDonald's defies economic challenges with strategic promotions and affordable offerings, reporting impressive global sales growth of 5.4% in Q2 2024.
Standard Chartered Meets CBN ₦200bn Recapitalisation
Standard Chartered Bank Nigeria has successfully met the Central Bank of Nigeria's ₦200 billion recapitalisation requirement, positioning itself as a leader in the new banking landscape.
Sowore Defies Court, Arrest Warrant Issued in Abuja
Nigerian activist Omoyele Sowore sparks legal firestorm after failing to appear in Abuja court, prompting judge to issue arrest warrant in ongoing CBN protest case.
CBN Policy Updates: Essential Guide for Nigerian Forex Traders
Discover why Nigerian forex traders are closely monitoring CBN policy updates and how these decisions directly impact currency volatility, trading strategies, and profit opportunities in the volatile Naira market.
Naira Stages Impressive Comeback Against Dollar
Nigeria's currency shows remarkable strength with improved FX liquidity and growing reserves, signaling positive economic turnaround.
Naira Rebounds Against Dollar Amid Trump Election Concerns
Nigeria's currency makes impressive recovery in parallel market while official rate weakens. Expert analysis reveals how Trump's political comeback threats are impacting forex trading patterns.
Page 3 of 4