24hrs News & Updates
Nigeria’s external reserves have climbed to $53.11 billion, reaching their highest level in more than 17 years and providing a significant boost to the country’s external financial position. The latest figure, recorded as of August 24, 2026, represents a continued upward trajectory in Nigeria’s reserves and brings the country within striking distance of the level…
Nigeria’s currency, the Nigerian naira, has appreciated to ₦1,348 against the United States dollar at the official foreign exchange market, marking one of its strongest positions in recent months. Data from the Nigerian Foreign Exchange Market (NFEM) shows that the local currency firmed up to this level, reflecting improved liquidity conditions and renewed investor confidence…
Read More “Naira Strengthens to ₦1,348/$ at Official FX Market Amid Liquidity Boost” »
The Nigerian naira has depreciated to approximately ₦1,415 per dollar at the parallel market, reflecting renewed pressure on the country’s foreign exchange environment amid persistent dollar scarcity and fluctuating liquidity conditions. Market data from key trading hubs, including Lagos and Abuja, show that the local currency weakened against the U.S. dollar during recent trading sessions,…
Read More “Naira Slides to N1,415/$ in Parallel Market as FX Liquidity Pressures Mount” »