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...

When I first heard that more Chinese traders in Nigeria are beginning to accept the naira rather than insisting on the U.S. dollar, I felt a surge of cautious optimism

Foreign exchange dealers have revealed that some Chinese traders operating in Nigeria are increasingly accepting naira for transactions instead of demanding US dollars, a development they say is helping to ease pressure on the local currency.

Naira Weakens by 19 Kobo Against Dollar at Official Market   The Naira on Friday closed the week slightly weaker, as it lost 19 kobo against the U.S. dollar at the official market, trading at N1,533.74. Data released on the official website of the Central Bank of...

Naira Ends July with 0.25% Loss   The naira closed out July 2025 at N1,533.55/$ at the official market, the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria revealed on Thursday. This is about 0.25 per cent weaker than the 1,529.71/$ that it had...

The Naira extended its gains against the US dollar on Tuesday, July 22, appreciating in the parallel market.