The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.
The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.
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.
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.
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.
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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.
Lagos prepares for Traders Fair 2026 on April 10. Join top finance experts for seminars on Forex, Stocks, AI, and networking. Free entry at Lagos Continental Hotel.
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.
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.
Global broker JustMarkets launches the Boost Contest, a trading competition with weekly draws and real gold rewards. Open to all clients until January 31, 2026. Join now!
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.
The EFCC has recovered and returned N96.5 million to victims of a forex Ponzi scheme in Enugu. Learn how the fraud operated and the commission's warning to investors.
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.
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.
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
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Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
IUX brokerage reports explosive 68% quarterly growth to $541B in trading volume. Discover their risk management safeguards including negative balance protection and segregated funds for Nigerian traders.
IUX broker reports 68% quarterly growth to $541B. Explore how their negative balance protection, zero stop-out, and segregated funds safeguard Nigerian traders in volatile markets.
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.
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.
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.
Discover why Nigerian forex traders are protecting positions with risk management instead of cash settlements. Learn strategies for sustainable trading success in Nigeria's volatile market.
Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.
GTBank has increased international spending limits on naira cards from $1,000 to $6,000 per quarter. The move reflects improved forex liquidity and market stability. Learn how this affects Nigerian cardholders.
Nigerian naira shows minimal movement across forex markets as external reserves reach $43.34 billion. Expert analysis reveals stability outlook amid fluctuating dollar supply.
Discover how Nigerian forex traders are using order flow analysis to pinpoint perfect entry points and maximize profits in volatile markets. Learn practical strategies for better trading decisions.
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The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.