Naira Appreciates in Black Market on Sept 8 The naira gained marginally against the US dollar on Monday, September 8, appreciating in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,515/$1...

CBN’s Forex Liquidity Push Strengthens Naira’s Stability   The Central Bank of Nigeria’s recent measures have lifted dollar liquidity in the foreign exchange market, raising hopes of a more stable naira. These reforms, coupled with rising inflows, have provided short-term relief, but sustaining the trend will...

Naira Holds Firm Against Dollar in Black Market, NAFEM on Sept 3 The naira remained steady against the US dollar on Wednesday, September 3, appreciating in both the parallel market and the official Nigerian Foreign Exchange Market (NAFEM). Currency traders in Abuja told Economic Confidential that...

Naira Strengthens Against Dollar in Black Market, NAFEM on Sept 2 The naira gained marginally against the US dollar on Tuesday, September 2, appreciating in both the parallel market and the official Nigerian Foreign Exchange Market (NAFEM). Currency traders in Abuja told Economic Confidential that the...

Naira Gains Against Dollar in Black Market, NAFEM, Sept 1  The naira appreciated against the US dollar on Monday, September 1, recording a marginal gain in both the parallel and official foreign exchange markets. Currency traders in Abuja told Economic Confidential that the naira exchanged at...

The Central Bank of Nigeria (CBN) and the Banco Central do Brasil (Brazil’s Central Bank) have opened fresh talks aimed at strengthening economic and financial cooperation between Africa’s largest economy and Latin America’s biggest market.