-
Naira Weakens As Dollar Demand Outpaces FX Supply
12 Sep 2025 07:43 GMT
… weighed down by persistent foreign currency demand from corporates and other … the Central Bank of Nigeria (CBN), the naira closed at ₦1, … continued to pressure the local currency, even as the CBN … at the official window.
Nigeria’s gross external reserves, …
-
Nigeria’s millionaires shrink by 53% in a decade on naira fall
12 Sep 2025 10:43 GMT
… instability, capital flight, naira devaluation, and weak financial … the naira is central to this story.
The currency has … domestic wealth creation opportunities, Nigeria’s millionaire pool thinned … local wealth retention, Nigeria is unlikely to reverse …
-
Shayo, Therapy, and Tinubu’s Nigeria: Notes From the Mainland Block Party
12 Sep 2025 10:02 GMT
… Saturday night in Tinubu’s Nigeria.
Celebrities2025-09-09T11:07: … spend our small, devaluing naira to stay happy.”He added … who works in marketing called Nigeria a “pressure cooker.” Everybody … told him, “Energy is your currency. You sell an experience. It …
-
Naira records first depreciation against dollar
12 Sep 2025 08:20 GMT
… Central Bank of Nigeria’s data showed that the Naira dropped to … Wednesday.
This means that Nigeria’s currency weakened by N1.21 against … , at the black market, the Naira remained stable at N1,530 … that the last time the Naira dropped at the official foreign …
-
Nigeria fuels Sub-Saharan Africa’s $205bn crypto surge despite slip in global ranking
12 Sep 2025 06:16 GMT
… growing crypto region worldwide.
Nigeria dropped from second to … like LocalBitcoins shuttered, and Nigeria, a P2P darling, felt … the naira wobble.
Institutional activity is creeping in too. Nigeria … driven by stablecoin use amid currency woes. Kenya’s P2P …
-
CBN reforms, weak Dollar lift Naira to strongest since March
12 Sep 2025 02:08 GMT
The Nigerian naira continued its upward momentum … Currency analysts credit the rebound to the Central Bank of Nigeria’ … foreign exchange uncertainty.” The currency’s strengthening has already … forex pressure.
Market analysts suggest that a more stable naira …
-
Stable naira, clear FX backlog lift Nigeria’s outlook
12 Sep 2025 00:49 GMT
… and a more transparent FX market, foreign capital is … greater flexibility in the forex market, the CBN … ICT, and transport, Nigeria risks overdependence on speculative … currency liquidity, leeway for investors to repatriate profits, and the stable naira …
-
Naira settles at its highest level since March, break below N1,500/$ barrier
11 Sep 2025 14:42 GMT
… official market.
The local currency maintained its upward trend, … market this year.
The Nigerian naira fluctuated between N1,498… of continued confidence in Nigeria’s economic reforms. The … ongoing stability in the naira might eventually ease inflationary …
-
FG publishes Nigeria’s new tax reform laws in gazette
11 Sep 2025 10:31 GMT
… Government has officially published Nigeria’s new tax reform laws … laws are:
Nigeria Tax Act (NTA), 2025
Nigeria Tax Administration Act … in foreign currency to pay taxes in naira at official … These reforms aim to simplify Nigeria’s tax system, support small …
-
Naira Firms To N1501 As Dollar Holders Confront Rising Risks
11 Sep 2025 08:41 GMT
The Nigerian naira extended its recovery streak on … for foreign currency.
Figures from the Central Bank of Nigeria (CBN) … and steady interventions in the FX market.
This marks nearly N37 … liquidity, analysts project further naira resilience in the near term …