The naira weakened further on Wednesday, closing at ₦1,608.60 per dollar at the official market, down from ₦1,606.64 on Tuesday.
According to CBN data, the exchange rate peaked at ₦1,615 during the day as rising demand met limited forex supply.
At...
The Federal Government has confirmed that the policy requiring crude oil and refined petroleum product sales in Naira will continue as a long-term national directive.
The Ministry of Finance reassured the public on Wednesday via X (formerly Twitter), addressing growing...
The naira continued its decline against the dollar on Monday, trading at ₦1,540.57 in the official market as demand for foreign exchange outstripped supply.
Despite the Central Bank of Nigeria (CBN) sustaining its interventions to stabilize the currency, the naira depreciated by ₦18.95 last week, closing...
Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in naira, citing a need to align sales with crude oil procurement, which is currently in U.S. dollars.
In a notice to petroleum marketers on Wednesday, the refinery explained...
The Federal Government has rejected claims by economist Bismarck Rewane that it spent nearly $8 billion to stabilise the naira.
Rewane, CEO of Financial Derivatives Company, said in an interview that government intervention, including bond sales, played a key role...
The naira weakened against the dollar on Monday, closing at N1,495.60 per dollar at the official foreign exchange market, reversing its recent gains.
Data from FMDQ Securities Exchange Limited showed a significant drop from N1,474.78 recorded on January 31, marking a decline of over N20 in a single...
Economic expert and Nairametrics CEO, Ugodre Obi-Chukwu, has warned that the return of former U.S. President Donald Trump to power could strengthen the dollar, weakening the Nigerian naira and other African currencies.
In his report "Nigeria’s Macroeconomic Outlook 2025," Obi-Chukwu explained that...
The Naira strengthened on Tuesday at the official exchange market, appreciating to N1,630.45 per dollar.
According to data from the FMDQ trading platform, this marks a 2.40% rise compared to Monday’s exchange rate of N1,670.65 per dollar.
In addition, daily trading...
The International Monetary Fund (IMF) has reported that Nigeria’s currency, the naira, is beginning to show signs of stability. This positive development is attributed to recent interest rate hikes and efforts by the Central Bank of Nigeria (CBN) to...
The Naira, on Friday, experienced a huge appreciation at the official market, trading at ₦1,142.38 to the dollar.
Data from the official trading platform of the FMDQ exchange, a platform that oversees the Nigerian autonomous foreign exchange market (NAFEM), revealed...
https://youtu.be/6Virtc72mAY
Artist and curator Jemima Kakizi is bringing renewed energy and international connections to Rwanda’s growing contemporary art scene.
Her...
