Category : Search result: Naira pressure


Blord Explains Hiring Bias: Women Handle Money Better

Nigerian businessman Blord opens up on his controversial hiring preference for women, citing societal pressure on men as a key factor. He also reveals paying over ₦1.1 billion in salaries in 2025. Read the full story and reactions.

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.

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.

Nigerian Lady Criticizes Igbo Marriage Customs

A Nigerian woman's viral outcry highlights how heavy financial demands from extended family during Igbo marriage rites are discouraging young couples. Read her full story.

Judy Austin: View December Like August, Avoid Pressure

Nollywood actress Judy Austin advises married women and single mothers against financial pressure this Christmas. She urges contentment and celebrating within means. Read her full message and public reactions.

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.

Lady's Viral Reply to Brother's 100k Request

A Nigerian lady shared the unexpected WhatsApp message from her younger brother asking for money, and her witty reply has sparked massive reactions online. See the full story and what people are saying.

Kano Scholars Reject US Pressure on Sharia, Hisbah

Kano Islamic scholars have firmly rejected alleged US pressure to abolish Sharia law and dismantle the Hisbah system, asserting Nigeria's sovereignty and constitutional rights. Read their full statement.

New Tenant Washes Compound, Video Goes Viral

A Nigerian lady's video of a new tenant pressure-washing the dirty compound has gone viral, sparking reactions on communal responsibility and hygiene. Would you do the same?

US Strikes Kill 8 in Pacific Drug Cartel Operation

US military forces killed eight people in strikes on suspected drug boats in the Pacific. The controversial campaign, part of 'Operation Southern Spear,' has now claimed at least 95 lives.

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.

Lagos Launches New Towns to Ease Population Pressure

Lagos State government explains new town development is a critical response to intense population pressure and infrastructure strain. Commissioner Oluyinka Olumide details plans for orderly expansion and climate-resilient communities. Read more.

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.

Omisore, 6 Others Reject APC Disqualification

Seven APC governorship aspirants in Osun, led by Senator Iyiola Omisore, dismiss their disqualification as a politically motivated hatchet job. They allege pressure from the Villa to impose a candidate. Read the full details.

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.

MURIC Rejects US Pressure on Shariah Law

The Muslim Rights Concern (MURIC) has firmly rejected calls from US-linked figures for Nigeria to outlaw Shariah, warning it crosses a constitutional red line. Read the full statement.

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