Tag: #FXReforms
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NAIRA ENDS WEEK STRONGER, GAINS AGAINST DOLLAR
CBN reforms boost confidence as local currency posts steady week-long rally The naira wrapped up the week on a positive note, appreciating further against the U.S. dollar at the official market to close at ₦1,386.55/$1 on Friday. Data from the Central Bank of Nigeria (CBN) show the currency gained ₦10.43, a 0.7% improvement from Thursday’s…
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NIGERIA SCORES $4.60BN BOP SURPLUS IN Q3 2025 – CBN
From red ink to black gold: Nigeria flipped the script on its balance of payments, posting a massive $4.60 billion surplus in Q3 2025 after a prior deficit—fueled by trade wins, diaspora cash, and investor love. The Central Bank of Nigeria dropped the good news today, crediting a $3.42 billion current account surplus. Goods exports…
