Category : Search result: CBN forex market


Naira's Best Run in 10 Years as CBN Reforms Pay Off

The Nigerian naira appreciated over 7% in 2025, its strongest annual performance in a decade, driven by CBN reforms and rising external reserves now at $45.6 billion. Discover how the FX market transformation is boosting economic confidence.

Naira Bullish Despite 21% Drop in FX Inflows

The Nigerian naira begins 2026 on a strong note, appreciating at the official window despite a sharp 20.67% decline in dollar inflows. Discover how local sources and CBN interventions are cushioning the market.

Naira Appreciates to N1,429/$1 in Official Market

The Nigerian Naira strengthened against major currencies on January 5, trading at N1,429/$1 officially. Analysts credit CBN interventions and rising reserves for the sustained stability from 2025. Discover the full market analysis.

NGX Hits N100 Trillion Market Cap as Stocks Rally

The Nigerian equities market surged on Monday, with capitalisation crossing N100 trillion. The ASI gained 1.74% as 71 stocks advanced. Discover the top gainers and most active stocks driving this historic rally.

Naira Gains in 2026 as CBN Injects $7.5bn Into Market

The Nigerian naira appreciates to N1,430.84 per dollar, marking a strong start to 2026. Analysts credit CBN's $7.5 billion intervention and reforms for reduced volatility and project continued stability.

Naira Appreciates by Over N100 Against US Dollar in 2025

The Nigerian naira closed 2025 stronger, appreciating by over N100 against the US dollar. The Central Bank of Nigeria credits rising external reserves and policy reforms for the currency's improved stability. Discover the full market analysis and 2026 pro

Panic as fire guts Arena Market in Lagos

A devastating fire has razed sections of the Arena Market in Oshodi, Lagos, causing massive losses for traders. This comes just a week after the Balogun Market inferno. Read the full report.

Nigeria's FX Reserves Surge to $45.24bn, Boosting Naira Hope

Nigeria's external reserves climbed to a seven-year high of $45.24bn in December 2025, a $4.39bn annual increase. CBN Governor attributes gains to FX reforms, raising fresh optimism for naira stability in 2026. Read the full analysis.

Nigeria's Forex Market Expands with Better Access & Liquidity

Nigeria's forex market is rapidly evolving with deeper liquidity, smoother mobile access, and easier funding. Learn what this means for traders in Lagos, Abuja, and Port Harcourt and how to navigate the new conditions for success.

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.

Naira Gains Against Dollar, Experts Predict 2026 Rate

The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.

Naira to Trade N1,470-N1,520/$1 in 2026, Say Experts

Economic analysts forecast a stable naira exchange rate in 2026, with the CBN prioritizing market confidence and reduced volatility over aggressive appreciation. Key projections and government expectations revealed.

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.

HFM Score & Roar Promotion: Win BMW, UK Trip

HFM's exciting Score & Roar promotion combines football passion with trading. Register now for a chance to win a BMW 4 Series, an all-expenses-paid UK Premier League trip & more. Ends Feb 28, 2026.

Nigerian Stock Market Gains N245 Billion

The Nigerian equities market sustained its bullish trend on Wednesday, December 17, with investor wealth increasing by N244.62 billion. Key stocks like FirstHoldCo and Mecure drove the rally. Read the full analysis.

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.

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