Tag: Exchange Rate

Nigeria’s Money Supply Hits Record High Despite CBN’s Tightening Grip

In a striking paradox highlighting the complexities of Nigeria's economic landscape, the…

Genesis Obong

Nigeria’s Forex Inflows Dip Amidst Shifting Dynamics and Naira Stability

New data released by the Central Bank of Nigeria (CBN) reveals a…

Genesis Obong

Naira Stability and Rising Reserves: How Nigeria’s FX Reforms Impact Citizens

Nigeria's recent foreign exchange (FX) reforms are beginning to show tangible effects,…

Genesis Obong

Naira Strengthens as CBN’s Dollar Injections Surge, Offering Fleeting Relief

In a notable shift, the Nigerian naira experienced a welcome, albeit potentially…

Genesis Obong

Naira Paradox: BDCs Hesitate as Parallel Market Dips Below Bank Rates

A curious twist has emerged in Nigeria's foreign exchange market, leaving Bureau…

Genesis Obong

Naira Strengthens Against Dollar, Closes January at N1,475/$1

  The Nigerian Naira staged a remarkable comeback in January 2025, closing…

Genesis Obong

2025 Economic Outlook: Nigeria Economy Poised for 4.17% Growth in 2025, CBN Predicts

The Nigerian economy is on track for a robust 4.17% growth in…

Genesis Obong

Pastor Adeboye: Without Divine Intervention, Exchange Rate Could Have Reached ₦10,000 to $1

Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God…

Muhammad A. Aliyu