Naira Strengthens as Nigeria’s Forex Turnover Jumps 9%
Activity in Nigeria's foreign-exchange market increased as the naira strengthened, adding to signs of improved activity in the currency market.
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Tag: #Naira
Nigeria’s FX Turnover Slumps 30% to $2.37bn as Derivatives Trading Collapses
Foreign-exchange activity weakened sharply in the week ended September 18, with derivatives turnover falling nearly 94 per cent and spot ...
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Naira Holds Steady Against Dollar as FX Market Turnover Falls
The Nigerian naira remained relatively stable against the US dollar on Monday, September 14, 2026, despite a significant decline in ...
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Business Confidence Rises as Nigerian Firms Expect Stronger Naira, Lower Interest Rates
Business confidence among Nigerian companies improved significantly in August 2026, according to the latest Central Bank of Nigeria (CBN) Business ...
Read moreNigeria’s External Reserves Rise to $54.08 Billion, Economists Say It Could Strengthen Naira
Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years, according to data from ...
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Nigeria’s FX Utilisation Surges 91% to Six-Year High of $50.9bn
Nigeria’s foreign exchange utilisation climbed to $50.93 billion in 2025, its highest annual level in six years, as businesses, importers ...
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Onigbinde Urges CBN to Use Stronger Reserves to Support Naira
Economist and BudgIT co-founder, Oluseun Onigbinde, has urged the Central Bank of Nigeria (CBN) to leverage the country’s stronger external ...
Read moreNigeria’s External Reserves Rise by $7.09 Billion to $52.66 Billion in 2026
Nigeria’s external reserves have increased by $7.09 billion since the beginning of 2026, reaching $52.66 billion as of August 19, ...
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Nigeria’s Foreign Reserves Hit 17-Year High at $52.5bn – CBN
Nigeria’s foreign exchange reserves have risen above $52.5 billion as of July 17, 2026, reaching a 17-year high as the ...
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Treasury Bill Market Turns Bearish as Investors Reposition
Nigeria’s Treasury bills secondary market closed the week on a bearish note as investors adjusted their portfolios to participate in ...
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