naira

23 Articles
Economy

Otedola Predicts Naira Could Trade Below 1000 to Dollar as Dangote Refinery Hits Full Capacity

Billionaire businessman Femi Otedola has expressed strong optimism that the naira could appreciate to trade below 1000 to the dollar before the end...

Economy

Otedola Hails Dangote as Refinery Hits 650000 Barrels Per Day Capacity

Billionaire businessman and philanthropist Femi Otedola has congratulated the President of the Dangote Group, Aliko Dangote, following the Dangote Petroleum Refinery’s attainment of...

Economy

Ecobank Reports 29% Rise in Profit After Tax to N950bn in 2025

Ecobank Transnational Incorporated (ETI) has posted a 29 per cent increase in profit after tax, reaching N950.0 billion for the financial year ended...

Economy

Naira Gains Strength Against Dollar as January Closes on Positive Note

The naira ended January 2026 on a stronger footing after recording notable gains against the United States dollar in the official Nigerian foreign...

Economy

Naira Breaks N1,400/$1 Barrier on Official Market After Over a Year

Nigeria’s naira has traded below the N1,400 to the dollar mark on the official foreign exchange market for the first time in over...

Economy

Nigeria’s Central Bank Unveils New Strategies to Support Naira Amid Economic Difficulties

In an effort to stabilize the naira and tackle Nigeria's economic challenges, the Central Bank has introduced several measures aimed at reducing cash...

Politics

Nigeria Bans ‘Spraying’ of Naira at Parties to Protect Currency

Nigeria's government has intensified efforts to curb the cultural practice of "spraying" naira notes at social events, a tradition where money is thrown...

Economy

Central Bank Policy Ces: How They’re Impacting the Naira

In recent months, Nigeria's Central Bank has implemented a series of policy reforms aimed at stabilizing the naira and addressing the nation's economic...

Economy

Is the Naira on the Rebound? Analyzing Recent Trends in Nigeria’s Currency

The Nigerian naira has experienced notable fluctuations over the past year, prompting discussions about its potential rebound. In June 2023, the Central Bank...

Economy

Nigerian Naira Faces Unprecedented Volatility: What It Means for Your Wallet

The Nigerian naira has been experiencing unprecedented volatility, significantly impacting both the economy and individual financial well-being. In March 2025, the naira depreciated...