Naira Reaches Two-Year Peak kf N1,347/$   The naira has strengthened sharply in recent weeks, reaching one of its strongest levels in nearly two years, even as rising foreign portfolio inflows increase the risk of investor profit-taking later in the year, according to a macro update...

Naira Hits N1,430/$ at Parallel Market The naira strengthened to between 1,425 and 1,430 per dollar at the parallel market following the Central Bank of Nigeria’s renewed directive allowing the sale of foreign exchange to Bureau De Change operators, a development stakeholders say is already...

You don’t need a degree in economics to understand Nigeria’s inflation crisis. A simple visit to any local market tells the story more clearly than charts or policy papers ever could.

The Nigerian naira strengthened against the euro during Thursday’s trading session, closing at N1,606/€1, up from Wednesday’s N1,644/€1, according to Central Bank of Nigeria (CBN) data.

Naira-denominated mutual funds have recorded a sharp surge of about 140% over the past year.

‎The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.