Tag: Naira
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Nigeria’s Inflation Eases to 22.97%: CBN Policies Show First Signs of Success
Africa's largest economy's inflation is finally on the decline, presenting initial signs that the policy strategy adopted by the Central Bank of Nigeria (CBN)...
Naira Slides to N1,600 as Market Eases and CBN Acts
The Nigerian naira traded at about N1,600 against a dollar in the parallel market on Tuesday, as the currency remains under pressure.Â
The local currency...
African Currencies Under New Strains as Naira Forecast to Weaken in 2025
A fresh wave of currency devaluation will hit big African economies in 2025 as Nigeria's naira is projected to decline by at least six...
Naira Gains Third Consecutive Day as Confidence Increases and Reserves Improve
The Nigerian currency maintained its three-consecutive-day appreciation, with the naira appreciating N1,583 per dollar on Wednesday at the official foreign exchange market.
Narrow appreciation follows...
Naira Finds Strength as Stability is Reached and Reserves Mount
The Nigerian naira has been slowly rising in recent times, modestly rising to 1,625 against the dollar in the parallel market from yesterday's previous...
