Foreign Exchange
Naira Holds Steady Against Dollar Despite Reserve Pressures as Q1 Ends
The Nigerian Naira maintained relative stability against the US Dollar in the official market as the first quarter of 2026 concluded, even amid...
Manufacturers Raise Alarm Over CBN Policy Favoring Oil Exporters
Manufacturers operating under the Manufacturers Association of Nigeria Export Group have expressed concern over what they describe as an imbalance in foreign exchange...
Pound Strengthens Against Naira as New Trading Week Opens with Gains
The British Pound Sterling began the trading week on a strong note against the Nigerian Naira, highlighting ongoing fluctuations in global currency markets...
CBN Removes Cash Pool Rule for Oil Companies to Boost Forex Market
The Central Bank of Nigeria has officially removed the cash pool requirement previously imposed on export proceeds of International Oil Companies, marking a...
CBN Governor Says Financial Reforms Strengthen Nigeria’s Resilience and Investor Confidence
Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has stated that recent monetary and financial-sector reforms have enhanced Nigeria’s capacity to...
Chinese Yuan Rebounds After Stronger Than Expected Central Bank Guidance
China’s national currency has rebounded in global markets after the country’s central bank issued guidance that was stronger than many analysts had anticipated....
Nigeria’s Net External Reserves Hit $34.8 Billion, CBN Governor Reports
Central Bank of Nigeria Governor Olayemi Cardoso has revealed that Nigeria’s net external reserves stood at $34.8 billion as of December 2025, marking...
Euro Weakens as United States Dollar and Swiss Franc Gain Amid Heightened Geopolitical Tensions
The euro fell in global currency markets while the United States dollar and the Swiss franc strengthened, as investors shifted toward perceived safe...
Asia FX Strengthens as Tariff Concerns Dent US Dollar
Several Asian currencies gained ground against the United States dollar as concerns over tariff policy weighed on the greenback, prompting investors to adjust...
Dangote Predicts Naira Could Strengthen to N1100 per Dollar in 2026
President of the Dangote Group, Aliko Dangote, has projected that the naira could appreciate to N1100 against the United States dollar before the...
