Tag: Naira

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

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 Shows Resilience in February 2025, as stability remains a mirage

The Nigerian naira ended February 2025 on a positive note, gaining 8.5%…

Oluwadara Akingbohungbe

Nigeria Economy on Upward Swing: Inflation Down, Optimism High

The Nigerian economy appears to be charting a course toward recovery, with…

Genesis Obong

Forex Speculation: CBN Tightens Grip on Bureau de Change Operators

The Central Bank of Nigeria (CBN) has taken a significant step to…

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

Nigeria’s Foreign Reserves Plummet by $832 Million in January

Nigeria's foreign exchange reserves have taken a significant hit, plummeting by a…

Genesis Obong

Subomi Okoya Apologises for Naira Abuse Amid Policeman’s Detention

Subomi Okoya, son of billionaire businessman Razaq Okoya, has issued an apology…

Damilola A.