Tag: Naira

CBN Vows Crackdown as Naira Sees Minor Dip Amid Market Scrutiny

In a firm stance against market irregularities, Central Bank of Nigeria (CBN)…

Genesis Obong

CBN Vows to Purge FX Market, Anchor Economy on Stability

In a robust declaration, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso,…

Genesis Obong

Dangote Refinery’s Dollar Sales Sparks Market Turmoil, Amidst Export Surge and Industrial Promise

The decision by Dangote Petroleum Refinery to transact in US dollars for…

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 Depreciates by 1.2% as FX Concerns Grow

The Nigerian naira faced renewed pressure at the official foreign exchange window…

Oluwadara Akingbohungbe

ICYMI: Nigerian Businesses Brace for 2025: High Interest Rates and Insecurity Loom Large

Businesses across Nigeria are projecting a challenging 2025, with high interest rates…

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Naira Rises to 1530.25/$ at Official Window

At the end of trading on Wednesday, the Nigerian naira saw a…

Oluwadara Akingbohungbe

Nigeria’s Forex Reserves Dip Amid Naira’s Strength, Raising Economic Concerns

Nigeria's foreign exchange reserves experienced a significant decline in February 2025, falling…

Genesis Obong