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Category : Search result: naira recovery
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
Nigerians spend $1.39bn on foreign education in 6 months
CBN data reveals Nigerians spent $1.39 billion on overseas education in H1 2025, a 20% increase from 2024. This nearly equals Nigeria's entire 2025 education budget. Read analysis.
DSS nabs notorious bandit in Bauchi raid
DSS operatives arrest a notorious bandit in Bojinji Village, Bauchi, recovering millions in cash and ammunition. The suspect had relocated from Zamfara. Read more.
Security Crisis Undermines Nigeria's Economic Recovery
Nigeria's economic recovery faces severe threats from escalating insecurity, causing capital flight and investor retreat. Learn how violence impacts markets and food security.
Naira weakens to N1,456.72/$ as economy faces pressure
Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.
Naira loses N14.29 to dollar as trading week ends low
The Nigerian naira weakened significantly against the US dollar, closing at N1,456.72 despite rising foreign exchange reserves hitting a 7-year high. Get the latest market analysis and exchange rates.
Zinoleesky Questions Future at Marlian Music in Post
Nigerian singer Zinoleesky drops disturbing message about feeling powerless in music industry, fueling speculation about departure from Naira Marley's Marlian Music label.
12-year-old boy drowns in Edo river, police recover body
Edo State Police recover body of 12-year-old boy who drowned in Ikpoba River. Authorities urge parents to monitor children during dry season to prevent similar tragedies.
CBN Issues Naira Handling Warning for Christmas Season
Central Bank of Nigeria urges citizens to stop spraying, mutilating naira notes during festive period. CBN describes currency as vital national symbol requiring proper handling.
CBN Injects $50m to Stabilize Naira Amid Dollar Demand
The Central Bank of Nigeria has intervened with $50 million forex injection to stabilize the naira as currency volatility continues. Learn how this affects Nigeria's economy.
Naira Recovers Against Dollar as FX Reserves Soar
Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.
Reps Threaten Arrest in Naira-for-Crude Probe
The House of Representatives issues a 7-day ultimatum to MDAs, threatening arrest warrants for non-compliance with the Naira-for-Crude Oil policy investigation. Full details on the escalating standoff.
Naira falls to N1,454/$ despite $46.7bn FX reserves
Naira declines against US dollar despite Nigeria's foreign reserves reaching $46.7bn, a seven-year high. CBN Governor confirms economic improvements amid inflation slowdown. Read more.
Jaythan Bosch's Journey from Viral Fame to NBA Dream
Discover Jaythan Bosch's inspiring basketball journey from his viral 2017 moment to overcoming injury and aiming for the 2026 NBA draft. Learn about his recovery and future prospects.
EFCC Arrests Archbishop for Naira Abuse
EFCC arrests Archbishop Angel Oyeghe for naira mutilation after viral video showed money sprayed on cow during church event. Suspect faces charges under CBN Act.
CBN: Abuse of Naira is a Punishable Offence
The Central Bank of Nigeria has warned citizens against the abuse of the Naira, stating that spraying, hawking, or mutilating the currency is a punishable offence. Respect our national symbol.
Naira falls 0.39% against dollar, CBN to intervene
Naira depreciates to N1,448.03/$1 in official market as traders quote new rates. CBN expected to resume strong intervention to prevent further decline. Full analysis inside.
Nigeria's FX inflows fall to $672m despite naira strength
Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.
Inflation Falls to 16.05% Amid Food Price Drop
Nigeria's inflation rate declines to 16.05% in October 2025 as food prices drop and naira strengthens. Farmers lament crashing prices while government nears 15% target.
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Naira falls against dollar despite rising FX reserves
Naira depreciates to N1,442.43/$1 in official market as foreign exchange demand increases ahead of festive season. Nigeria's FX reserves climb to $43.5 billion - the highest level in six years.
CBN Sells $50m to Banks as Naira Falls Amid Dollar Demand
Central Bank intervenes with $50 million FX sale to Access, Zenith, UBA amid naira volatility. Naira falls to N1,472/$ in parallel market despite reserves growth. Read latest analysis.
US Airspace Recovers After Budget Shutdown Ends
US air travel shows significant recovery after month-long government shutdown. Transportation Secretary confirms improved operations as flight cancellations drop to 2%. Read latest aviation updates.
Naira gains as external reserves reach $43.4 billion
Nigeria's naira recovers against USD, trading at N1441 after external reserves surge to $43.4bn. Market sentiment improves as blocked funds decline. Read latest FX updates.
Cartier Owner Richemont Reports €10.6B Sales Amid Asia Recovery
Swiss luxury group Richemont, owner of Cartier, reports strong €10.6 billion sales driven by jewellery demand and Asian market recovery. Discover how luxury sector navigates economic challenges.
Senator Fetterman hospitalized after fall
US Senator John Fetterman hospitalized after fall due to heart condition flare-up. This marks his fourth medical emergency since taking office. Read latest health update.
NSCDC arrests 20 suspects, recovers rifles in raids
NSCDC's special squad arrests 20 criminal suspects for kidnapping, vandalism, and armed robbery across multiple states. Operations recover AK-47 rifles and other weapons. Read more.
Kano Driver Arrested for Stealing Deputy Governor's Vehicle
Police in Kano have arrested a government driver who stole a Toyota Hilux from Deputy Governor Aminu Abdussalam Gwarzo's convoy. The vehicle was recovered in a swift security operation. Read more details.
Police Chief Bans Officers From Land Recovery Escorts
IGP Kayode Egbetokun prohibits police from escorting parties for land recovery, stating the force won't enforce private interests. Watch the viral video.
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