Naira's 2025 Recovery: How CBN Policies Made the Difference
The Naira staged a remarkable recovery in 2025, closing stronger than 2024. Discover the 4 key CBN FX policies that drove stability and what experts predict for 2026.
Category : Search result: Dollar demand
Naira Depreciates as Dollar Demand Outpaces CBN Supply
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
Trump Media Merges with Fusion Firm in $6B Deal
Trump Media announces a $6 billion merger with TAE Technologies, pivoting to fusion energy to power AI. Share price surges 25%. Full details inside.
N200m Ransom Demanded for Kidnapped Ex-Customs Officer
Gunmen demand N200 million for the release of retired customs officer Emmanuel Owolabi, abducted in Osun. Community leaders and security forces are combing the bush. #Kidnapping #OsunSecurity
Naira Falls at Official, Black Market Amid Thin Dollar Supply
The Naira depreciated against the US dollar, closing at N1,455.49/$1 in the official market. Pressure mounts due to reduced FX inflows and limited CBN intervention. Get the latest rates and analysis.
Naira Rate Gap Widens as Dollar Demand Rises
The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.
CBN's $250M Intervention Lifts Naira in Forex Market
The Naira rebounds as CBN injects $250 million into the forex market, narrowing the gap between official and parallel rates. Read the full analysis of the intervention's impact.
Doctor Found Dead in Miami Store Freezer
The body of Dr. Helen Massiell Garay Sanchez, 32, was discovered inside a Florida Dollar Tree freezer. Police are investigating the 'unclassified death' as her family seeks answers and support.
CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B
The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
Naira Drops to N1,454/$1 Amid Festive Dollar Demand
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
Ex-Adamawa Councilor Killed, Sons Abducted
Former Madagali councilor Shamalsinmi Umaru was shot dead at home. His two sons were abducted, with kidnappers demanding a N7m ransom. The family pleads for help as the deadline looms.
Bandits Kidnap Father, Son, Widow in Kwara
Armed bandits strike in Kwara, kidnapping a father, his son, and a widowed mother of four. One victim escapes, while a N100 million ransom is demanded. Read the latest on the security crisis.
FG Sets 2026 Budget Exchange Rate at N1,512/$1
The Federal Government has announced a N1,512 to $1 exchange rate for the 2026 budget. Discover the key projections for oil, revenue, and spending in the new fiscal framework.
Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
Indian rupee hits record low past 90 per dollar
India's rupee falls to a historic low beyond 90 against the US dollar, driven by foreign outflows and stalled US trade talks. Analysts see a new market-aligned approach from the central bank. Read more for the full analysis.
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
Naira Strengthens as Dollar Inflows Surge Over 64%
The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
Mother tricks daughter, swaps $20 gift for N460
A Nigerian mother's viral TikTok video shows her exchanging her daughter's $20 gift for just N460. The story sparks online debate about parenting and financial literacy. Read the full story and reactions.
Naira Begins December Strongly Against US Dollar
The Nigerian Naira rebounds against the USD, closing at N1,446.74. CBN interventions and $20.98bn foreign inflows boost confidence. Experts predict stability ahead. Read more.
RICS Deepens Nigeria Partnerships as Green Building Demand Slows
RICS commits to strengthening Nigeria's built environment standards while warning of slowing global demand for sustainable buildings. MEA region shows continued growth in green construction.
CBN sells $36.60m to banks amid naira depreciation
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
Kidnappers Demand ₦100m for Abducted Man in Kogi
A Nigerian family pleads for help after kidnappers abducted their relative along Obajana Road in Kogi State. The widow's son was traveling in an 18-seater bus when gunmen struck. Support needed urgently.
Kogi Kidnapping: N60m Ransom Demand for Mother
A Nigerian man shares heartbreaking update about his mother kidnapped in Kogi. Kidnappers demand N60 million ransom while victim suffers in captivity. Read full story.
Naira crashes to N1,443.91/$ as festive demand surges
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
Doctor Cries for Help as Kidnappers Hold Pregnant Sister
A Nigerian doctor cries for help after kidnappers released a video of his pregnant sister and husband in captivity in Edo State. The family demands N50 million ransom for their release.
Pregnant Couple Abducted in Edo, N50m Ransom Demanded
A pregnant couple kidnapped in Edo state begs for help as captors demand N50 million ransom and threaten assault. Family raised only N7 million. Government intervention urgently needed.
Pregnant Sister, Husband Abducted in Edo: N50m Ransom Demand
Nigerian doctor cries out as kidnappers abduct pregnant sister and husband in Edo State, demanding N50 million ransom. Family pleads for help amid security crisis.
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