CBN 2026 Outlook: 4.49% Growth, Inflation at 12.94%
The Central Bank of Nigeria forecasts economic growth of 4.49% and inflation easing to 12.94% in 2026. Key drivers include oil output, reforms, and rising foreign reserves.
Category : Search result: foreign exchange reserves
Abdulaziz Yari Named Geregu Power Chairman
Geregu Power Plc appoints former Zamfara governor Abdulaziz Yari as chairman following Femi Otedola's resignation after selling his majority stake for N1.08 trillion. Read the full board shake-up details.
Naira Gains Against Dollar as 2025 Ends, CBN Releases New Rates
The Nigerian Naira appreciated against the US Dollar in both official and parallel markets as trading resumed after the Christmas break. Finance Minister Wale Edun reassures on economic stability. Get the latest CBN exchange rates here.
Otedola Sells Geregu Power Stake for N1.088 Trillion
Nigerian billionaire Femi Otedola has sold his controlling stake in Geregu Power Plc in a landmark N1.088 trillion transaction. Discover the details and implications of this major shift in Nigeria's energy sector.
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.
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.
FMDQ Market Activity Slows, Turnover Drops 24%
Trading activity on the FMDQ Securities Exchange contracted sharply in November 2025. Total secondary market turnover fell by 24.22% month-on-month to N54.64 trillion. 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.
Naira Strengthens, Black Market Dollar at ₦1,478
The naira appreciates at NAFEM as black market traders adjust rates. CBN approves 82 BDCs, warns public to verify operators. Get the latest forex market analysis.
CBN Intervention Boosts Naira, Dollar Rate Improves
The Nigerian naira staged a strong recovery on Monday after the Central Bank sold $150 million to dealers. The official rate appreciated to ₦1,456.56 per dollar, easing short-term pressure. Read the full analysis.
Chinese Community Hosts 2,000 Nigerian Children for Christmas
The Chinese Consulate in Lagos celebrated Christmas with 2,000 children from low-income families, awarding scholarships and showcasing cultural performances. See how this tradition strengthens Nigeria-China ties.
Naira Falls, FX Reserves See First Decline in Over 2 Months
The Naira weakened by N10 against the dollar last week as Nigeria's external reserves halted their upward trend. Get the latest on exchange rates and CBN's outlook for 2026.
Tinubu's Reforms Geared Towards Economic Revival – Lawmaker
Lawmaker Gboyega Isiaka defends Tinubu's tough economic policies, stating they are yielding results and will lead to stability and prosperity for Nigeria. Read more.
Investors gain N1.7tr in NGX Santa-Claus rally
The Nigerian stock market's Santa-Claus rally intensified last week, adding N1.7 trillion to investor wealth. Market capitalisation hit N96.94 trillion as pre-Christmas buying boosted key sectors. Read the full analysis.
Naira Suffers Sharpest Fall Amid Deepening Dollar Scarcity
The Nigerian naira recorded its steepest depreciation in weeks, falling to N1,469.90 per dollar despite CBN interventions. Discover the causes and market outlook.
Naira's 2025 Recovery: How CBN Policies Made the Difference
The Naira staged a remarkable recovery in 2025, closing stronger than 2024. Discover the 4 key CBN FX policies that drove stability and what experts predict for 2026.
Nigeria's 2026 Budget: N58.47tr Approved, Lower Exchange Rate Set
Nigeria's Federal Executive Council has approved a N58.47 trillion budget for 2026, targeting a lower exchange rate of N1,400/$. Get the full breakdown of allocations and fiscal strategy.
Trump Won't Rule Out Military Action in Venezuela
US President Donald Trump declines to rule out war with Venezuela, amid naval build-up and tanker seizures. Tensions rise over oil, China ties, and Maduro's regime. Read the full analysis.
Naira Depreciates as Dollar Demand Outpaces CBN Supply
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
Japan Hikes Interest Rates to Highest Level Since 1995
The Bank of Japan has increased interest rates to a three-decade high of 0.75% to combat persistent inflation, partly driven by soaring rice prices. Get the full details on this major economic shift.
Naira Falls at Official, Black Market Amid Thin Dollar Supply
The Naira depreciated against the US dollar, closing at N1,455.49/$1 in the official market. Pressure mounts due to reduced FX inflows and limited CBN intervention. Get the latest rates and analysis.
Senate Approves CBN 2026 Exchange Rate, Cuts Oil Price
Nigeria's Senate has approved the CBN's exchange rate projection of N1,512/$ for 2026 and reduced the oil price benchmark to $60 per barrel. Get the full details on the 2026-2028 MTEF framework.
AFRIMA, UK Partner to Boost African Music Exchange
Ahead of the 9th All Africa Music Awards in Lagos, AFRIMA and the British High Commission sign a Cultural Cooperation Agreement to strengthen creative ties and open global doors for African music.
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.
CBN's $250M Intervention Lifts Naira in Forex Market
The Naira rebounds as CBN injects $250 million into the forex market, narrowing the gap between official and parallel rates. Read the full analysis of the intervention's impact.
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 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.
Experts: Use Alternative Energy to Boost Nigeria's Blue Economy
Environmental engineers call on the Tinubu administration to leverage Nigeria's 209 TCF gas reserves and alternative energy to drive a sustainable blue economy, creating jobs and wealth.
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.
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