Tag: Naira
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Naira Defies Historical October Slump, Gains Strength Amid Renewed Confidence
For years, October has carried a familiar pattern for Nigeria’s foreign exchange market — a period when the naira weakens under seasonal pressure before...
Printing Poverty: Why Bigger Naira Notes Will Only Shrink Nigeria’s Economy
When Quartus Economics recently advised the Central Bank of Nigeria (CBN) to introduce ₦10,000 and ₦20,000 notes to “restore the naira’s portability” and reduce...
Naira Gains Momentum as Dollar Weakens Ahead of Fed Decision
Continuing its recovery on Monday, the Nigerian naira rose against the U.S. dollar in both official and parallel markets, extending its consistent upward trend...
Naira Weakens Slightly to ₦1,467/$1 Despite Rising Foreign Reserves
Starting the week on a modest downturn, the Nigerian currency traded at ₦1,467.01 per dollar on Tuesday, against Monday's closing rate of 1,460 naira...
Naira Strengthens as Foreign Inflows Boost Confidence Across FX and Equities Markets
Encouraged by consistent foreign flows that increased investor confidence and liquidity, the naira kept its gains last week throughout official and parallel foreign exchange...
