FG, CBN Settle Super Eagles' AFCON Bonus Payment
The Federal Government and CBN have resolved FX delays, ensuring Super Eagles' AFCON 2025 bonuses are processed. Players to receive funds imminently. Read the full story.
Category : Search result: Foreign exchange market
Naira's Best Run in 10 Years as CBN Reforms Pay Off
The Nigerian naira appreciated over 7% in 2025, its strongest annual performance in a decade, driven by CBN reforms and rising external reserves now at $45.6 billion. Discover how the FX market transformation is boosting economic confidence.
Naira Bullish Despite 21% Drop in FX Inflows
The Nigerian naira begins 2026 on a strong note, appreciating at the official window despite a sharp 20.67% decline in dollar inflows. Discover how local sources and CBN interventions are cushioning the market.
Naira Appreciates to N1,429/$1 in Official Market
The Nigerian Naira strengthened against major currencies on January 5, trading at N1,429/$1 officially. Analysts credit CBN interventions and rising reserves for the sustained stability from 2025. Discover the full market analysis.
NGX Hits N100 Trillion Market Cap as Stocks Rally
The Nigerian equities market surged on Monday, with capitalisation crossing N100 trillion. The ASI gained 1.74% as 71 stocks advanced. Discover the top gainers and most active stocks driving this historic rally.
Naira Gains in 2026 as CBN Injects $7.5bn Into Market
The Nigerian naira appreciates to N1,430.84 per dollar, marking a strong start to 2026. Analysts credit CBN's $7.5 billion intervention and reforms for reduced volatility and project continued stability.
2026 Nigeria Economy: 3 Trends to Watch
Experts forecast a year of adjustment for Nigerians in 2026, defined by a tighter FX market, rising living costs from fiscal reforms, and rapid digital finance growth. Learn how these trends will impact daily life.
Naira Exits Africa's Worst Currency List, Appreciates
The Nigerian naira has appreciated against the US dollar and exited Africa's top 10 worst-performing currencies after nearly two years, driven by rising reserves and improved FX liquidity. Read the full analysis.
Naira Gains 7.14% as CBN Injects $7.5 Billion in 2025
The Central Bank of Nigeria spent $7.53 billion to stabilise the naira in 2025, leading to a 7.14% annual gain and a historic balance of payments surplus. Discover the full story.
Naira Appreciates 6.5% in 2025, Breaks 13-Year Record
The Nigerian naira appreciated 6.5% in 2025, marking its first annual gain in 13 years. Discover how CBN reforms and FX reserves growth fueled this historic turnaround.
Naira Falls in 2025 Despite CBN Dollar Sales, Reserves Rise
The Nigerian naira closed 2025 weaker against the dollar despite CBN interventions. External reserves rose to $45.45bn, offering limited support. Get the full analysis.
Panic as fire guts Arena Market in Lagos
A devastating fire has razed sections of the Arena Market in Oshodi, Lagos, causing massive losses for traders. This comes just a week after the Balogun Market inferno. Read the full report.
Fire Guts Arena Market in Lagos, Traders in Panic
A devastating fire has destroyed goods worth millions of Naira at Arena Market in Lagos. Traders are counting losses as emergency services battle the blaze. Read full report.
CBN 2026 Outlook: 4.49% Growth, Inflation at 12.94%
The Central Bank of Nigeria forecasts economic growth of 4.49% and inflation easing to 12.94% in 2026. Key drivers include oil output, reforms, and rising foreign reserves.
Naira Gains Against Dollar as 2025 Ends, CBN Releases New Rates
The Nigerian Naira appreciated against the US Dollar in both official and parallel markets as trading resumed after the Christmas break. Finance Minister Wale Edun reassures on economic stability. Get the latest CBN exchange rates here.
Nigeria's FX Reserves Surge to $45.24bn, Boosting Naira Hope
Nigeria's external reserves climbed to a seven-year high of $45.24bn in December 2025, a $4.39bn annual increase. CBN Governor attributes gains to FX reforms, raising fresh optimism for naira stability in 2026. Read the full analysis.
FMDQ Market Activity Slows, Turnover Drops 24%
Trading activity on the FMDQ Securities Exchange contracted sharply in November 2025. Total secondary market turnover fell by 24.22% month-on-month to N54.64 trillion. Read the full analysis.
Fire guts Jos Main Market, destroys shops worth millions
A major fire has gutted sections of Jos Main Market, destroying goods worth millions of naira. Authorities are investigating the cause. Read the latest details and the market's history with fires.
Naira to Trade N1,470-N1,520/$1 in 2026, Say Experts
Economic analysts forecast a stable naira exchange rate in 2026, with the CBN prioritizing market confidence and reduced volatility over aggressive appreciation. Key projections and government expectations revealed.
Naira Strengthens, Black Market Dollar at ₦1,478
The naira appreciates at NAFEM as black market traders adjust rates. CBN approves 82 BDCs, warns public to verify operators. Get the latest forex market analysis.
CBN Intervention Boosts Naira, Dollar Rate Improves
The Nigerian naira staged a strong recovery on Monday after the Central Bank sold $150 million to dealers. The official rate appreciated to ₦1,456.56 per dollar, easing short-term pressure. Read the full analysis.
Naira Falls, FX Reserves See First Decline in Over 2 Months
The Naira weakened by N10 against the dollar last week as Nigeria's external reserves halted their upward trend. Get the latest on exchange rates and CBN's outlook for 2026.
Investors gain N1.7tr in NGX Santa-Claus rally
The Nigerian stock market's Santa-Claus rally intensified last week, adding N1.7 trillion to investor wealth. Market capitalisation hit N96.94 trillion as pre-Christmas buying boosted key sectors. Read the full analysis.
Fire Destroys Sabuwar Lale Furniture Market in Kano
A devastating fire has razed the Sabuwar Lale furniture market in Kano, destroying dozens of shops and goods worth millions of naira. Traders are counting losses and pleading for government assistance. Read the full report.
Naira Suffers Sharpest Fall Amid Deepening Dollar Scarcity
The Nigerian naira recorded its steepest depreciation in weeks, falling to N1,469.90 per dollar despite CBN interventions. Discover the causes and market outlook.
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.
Yam thief caught at Zaki Biam market, traders warn against mob action
A man from Plateau State was caught allegedly trying to steal yams at Zaki Biam Yam Market in Benue. Traders restrained him and called for security intervention, avoiding mob justice. Read the full story.
Lady's Viral Encounter Exposes Fake Prophet in Lagos Market
A Nigerian lady's hilarious encounter with a fake prophet at Tejuosho Market goes viral. She shut down his false prophecy about her late father, sparking reactions and similar stories online.
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.
Nigerian Stock Market Gains N245 Billion
The Nigerian equities market sustained its bullish trend on Wednesday, December 17, with investor wealth increasing by N244.62 billion. Key stocks like FirstHoldCo and Mecure drove the rally. Read the full analysis.
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