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.
Economic experts advise the Nigerian government to reduce the Monetary Policy Rate and maintain policy consistency to stimulate investment and boost sustainable growth.
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 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.
Nigerian equities extended losses as market capitalization fell by N292 billion. 38 stocks declined while only 14 gained. Read full analysis of market performance.
Naira declines against US dollar despite Nigeria's foreign reserves reaching $46.7bn, a seven-year high. CBN Governor confirms economic improvements amid inflation slowdown. Read more.
Edo State market women protest eviction notice for Oba Market renovation. They demand proper relocation plans from the government. Read their full story.
Nigerian stock market extends bearish trend with 0.12% decline as investors lose N110.20 billion. ASI drops to 144,986.51 points amid profit-taking in banking stocks.
Naira depreciates to N1,448.03/$1 in official market as traders quote new rates. CBN expected to resume strong intervention to prevent further decline. Full analysis inside.
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.
A Nigerian thrift vendor discovered 6,000 Korean won while unpacking bags at Katangua market in Lagos. The viral TikTok video sparked online buzz as people calculated the actual value in Naira.
Association of Issuing Houses of Nigeria recognizes companies thriving despite economic headwinds. See award winners and market outlook for 2025.
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.
The Nigerian stock market fell sharply last week, losing N1.5 trillion as panic selling over a proposed capital gains tax caused a major sell-off. Discover the key winners and losers and what's next for investors.
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.
Massive fire destroys Singa Market in Kano, gutting 44 shops and goods worth millions. Trader Alhaji Salisu Abdullahi loses N120 million. Read full details on the devastating incident.
The Nigerian stock market closed with a massive N1 trillion gain, driven by strong performances from key blue-chip stocks. Discover the top gainers and market trends.
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.
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.
Nigerian stock market plunges 5.01%, wiping N4.64 trillion off investor wealth in massive selloff. Key stocks including MTN Nigeria, BUA Cement crash by 10%.
Nigeria's financial markets experience significant downturn as rising interest rates, inflation fears, and job market instability spook investors. Key indices drop amid growing economic uncertainty.
Nigerian agribusiness giant Presco Plc announces massive ₦237 billion rights issue to drive expansion, strengthen market leadership, and enhance production capacity across West Africa.
Nigerian agribusiness giant Presco Plc unveils ambitious ₦250 billion rights issue strategy to accelerate expansion, strengthen market leadership, and enhance production capacity across West Africa.
SEC Director-General Timi Owoturo challenges registrars to drive efficiency and technological advancement in Nigeria's capital market operations.
Frustrated traders at Benue Modern Market have closed shop indefinitely following repeated vehicle thefts, demanding immediate government intervention and enhanced security measures.
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.
Nigeria's stock market plunges deeper into turmoil as investors witness massive wealth erosion, raising concerns about market stability and economic recovery prospects.
Asian markets surged dramatically as robust US employment figures boosted investor confidence, triggering a powerful recovery across major indices from Tokyo to Sydney.
Nigerian equities continue downward trend as Trump's political resurgence creates global market jitters. NGX sheds N1.36 trillion in two-day losing streak.
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.