Naira Weakens Against Dollar Across Markets on Nov 6 The naira depreciated marginally against the U.S. dollar on Thursday, November 6, at both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,470/$1...

Naira Slips as Markets React to Trump's Remarks The naira came under renewed pressure on Wednesday, November 5, following U.S. President Donald Trump’s threat to cut off aid to Nigeria and his directive to the Pentagon to “prepare for possible action.” His comments have stirred concerns...

Banks’ deposit with the Central Bank of Nigeria, CBN, in form of Standing Deposit (SDF) grew by 395.8 percent, YoY, to N198.08 trillion in the first ten months of the year (10m’25) from N39.95 trillion in the corresponding period of 2024 (10m’24), reflecting excess liquidity in the banking system.

Naira Slides in Black Market, Appreciates at Official Window on Nov 3 The naira opened the month of November with a mixed performance against the U.S. dollar on Monday, November 3, recording a slight decline in the parallel market while appreciating at the Nigerian Foreign...

Tariff Isonu: When Government Becomes the Middleman of Monopoly By Oladapo Ojo In Yoruba, 'Isonu' means something that is wrong , morally off balance, but that people find hard to condemn openly. It’s the kind of wrongdoing that hides behind excuses, wrapped in official statements and...

Naira Closes October Strong with ₦15 Gain Across Markets on Oct 31 The naira ended October on a positive note, appreciating by ₦15.33 against the U.S. dollar on Friday, October 31, with gains recorded in both the parallel market and the Nigerian Foreign Exchange Market...