
Naira







Data from the Central Bank of Nigeria shows that Nigeria's external reserves have fallen from $40.88 billion in December to $40.56 billion amid debt servicing.

The Nigerian currency has maintained a negative run against the naira in the official and parallel markets, losing 0.09 per cent in the official window on Wednesday.

Naira has depreciated further against the US dollar in the foreign exchange markets, but there is hope if the federal government does the right thing.

Nigeria's digital currency, the eNaira, has recovered most of its value, rising by 78.8% to N18.32 billion in the first 10 months of 2024, CBN's data says.

The naira's value recorded a mixed performance against the United States dollar, British pound and also the Euro in the foreign exchange markets.

The Nigerian naira has performed relatively better than other global currencies relative to the dollar's surging strength in the international markets in 2025.

The value of Nigerian currency in the foreign exchange market has been projected to improve or depreciate further against the United States Dollar

Bureau de Change operators have expressed frustration over the challenges in meeting CBN's new recapitalisation requirement a few weeks after getting an extension.

The value of the naira in the Nigerian Foreign Exchange Market depreciated further against the United States dollar and British pound but gained to the euro.
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