Cheap Crude, Strong Naira Fails to Lower Petrol Prices   The sudden jump in petrol prices from about N865 per litre to almost N1,000 has left many Nigerians confused, especially as the two main factors that determine the price, crude oil and the exchange rate, have...

Who will Rescue our Currency, Naira? By Hadiza Ishyaku Abdulsalam The Central Bank of Nigeria (CBN) recently unveiled a nationwide campaign tagged, “Naira Our Pride: Handle with Care". At first glance, it may seem like another routine awareness drive. But behind it lies a critical...

Dangote Refinery Halts Petrol Sales in Naira   The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure. In an email sent to its customers at exactly...

CBN Sells $574m to Boost FX Market Liquidity in August   The Central Bank of Nigeria (CBN) ramped up its dollar sales in August 2025, selling a total of $574 million in a bid to stabilise the foreign exchange (FX) market amid waning inflows from key...

The strengthened naira weakened slightly against the US dollar on Friday, September 5, recording a marginal gain in both parallel and the official Nigerian Foreign Exchange Market (NAFEM).

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...