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.
Category : Search result: foreign reserves
Trump Won't Rule Out Military Action in Venezuela
US President Donald Trump declines to rule out war with Venezuela, amid naval build-up and tanker seizures. Tensions rise over oil, China ties, and Maduro's regime. Read the full analysis.
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.
Experts: Use Alternative Energy to Boost Nigeria's Blue Economy
Environmental engineers call on the Tinubu administration to leverage Nigeria's 209 TCF gas reserves and alternative energy to drive a sustainable blue economy, creating jobs and wealth.
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 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.
Nigeria attracts $20.98bn foreign capital in 10 months
Nigeria recorded $20.98bn foreign capital inflows Jan-Oct 2025, a 70% surge. CBN Governor Cardoso credits FX reforms for market stability and renewed investor confidence.
Petro: US Venezuela Pressure Campaign About Oil Access
Colombian President Gustavo Petro reveals US pressure on Venezuela targets oil reserves, not drug trafficking. Exclusive analysis of geopolitical tensions in Latin America.
FG Denies Open Grazing Ban, Plans Gradual Ranching Transition
Federal Government clarifies no nationwide ban on open grazing exists. Minister confirms gradual transition to modern ranching systems across Nigeria's 4.5 million hectares of grazing reserves.
FG Denies Open Grazing Ban, Plans Ranching Transition
Federal Government clarifies open grazing is not banned, announces phased transition to modern ranching using 4.5M hectares of reserves. Learn about the new livestock development strategy.
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 $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.
Naira falls to N1,454/$ 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.
Frontline troops oppose US intervention in Nigeria
Nigerian soldiers fighting Boko Haram in Yobe warn against US military intervention, citing internal nature of crisis and questioning American motives. Read exclusive details.
Tinubu Heads to South Africa, Angola for Diplomatic Summits
President Bola Tinubu embarks on a diplomatic mission to South Africa for the G20 Summit and Angola for AU-EU talks. The trip focuses on economic development, climate change, and regional security. Read more about Nigeria's global engagements.
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.
Woman finds Korean currency in Lagos thrift market
A Nigerian thrift vendor discovered 6,000 Korean won while unpacking bags at Katangua market in Lagos. The viral TikTok video sparked online buzz as people calculated the actual value in Naira.
Civil Society Groups Reject Religious War Narrative
CCSO warns against inflammatory religious narratives amid Nigeria's security challenges, supports Tinubu's efforts and rejects foreign military intervention. Stay informed about national unity.
Trump: Severe Sanctions for Russia Business Partners
US President Donald Trump warns countries doing business with Russia will face severe sanctions. Read latest developments on US-Russia relations and energy sector impacts.
US Labels Venezuelan Cartel as Terrorist Organization
US designates Cartel de los Soles as foreign terrorist organization, permitting potential military strikes in Venezuela without congressional approval. Read full details.
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.
Western Sanctions Backfire: Global Consequences
Excessive international sanctions by Western nations are creating unintended consequences, including global polarization and alternative systems. Discover how this affects Nigeria and the world.
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.
Kano Governor Awards Scholarships to 350 Students
Governor Abba Kabir Yusuf has sponsored 350 Kano indigenes for postgraduate studies abroad in India, Uganda, and Malaysia. The initiative aims to boost human capital development.
Nigeria FM Rejects Christian Genocide Claims in TV Clash
Nigerian Foreign Minister Yusuf Tuggar confronts Piers Morgan over Christian persecution narrative, demands full interview broadcast as African Union backs Nigeria's stance.
Piers Morgan vs Nigeria Minister: Interview Clash
British broadcaster Piers Morgan responds to Nigeria's Foreign Minister Yusuf Tuggar's demand for full interview release. Tuggar defended Nigeria against religious persecution claims. Read the explosive exchange.
Tuggar Urges Piers Morgan to Air Full Nigeria Interview
Nigeria's Foreign Minister Yusuf Tuggar demands British broadcaster Piers Morgan air his complete interview about religious situation without edits. Read the full story.
Naira falls to 10-day low against US dollar
Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.
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