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4 days ago · Bureau de Change (BDC) operators in Nigeria have expressed optimism about the Naira’s prospects in 2025, forecasting a stronger currency buoyed by anticipated reforms in the country’s foreign exchange (forex) market. They said these reforms could improve currency stability, boost investor ...

4 days ago · The All-Share Index closed the trading day on January 29, 2025, with a positive performance, rising by 590.99 points to reach 104,549.74. This marks a 0.57% increase from the previous close of 103,958.75, as it eyes the 105,000-barrier. Despite this bullish momentum, market activity saw a 22%

Oct 26, 2024 · What to expect With the naira recently breaching the N1,700/$1 mark, there is potential for a short-term recovery. Global oil prices have now stabilized between $79 and $81 per barrel, and the Central Bank of Nigeria’s (CBN) consistent interventions may help ease some inflationary pressures, fostering a more positive outlook for the naira.

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Dec 4, 2024 · The naira recorded a huge gain against the US dollar at the parallel market, hitting N1640/$1, at the close of business on Wednesday, December 4, 2024.. This represents a 5.2% or N90 gain against the dollar when compared to the N1730 that was recorded the previous trading day.. The massive appreciation recorded against the dollar is coming with the kick-off of trading activities at EFEMS ...

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A Federal High Court sitting in Lagos has issued a Mareva Injunction that temporarily restrains the co-founder of Seplat Energy Plc, Dr Ambrose Bryant Chukwuemeka Orjiako, popularly known as ABC Orjiako, and other firms linked to him, from accessing the …

Jan 15, 2025 · A recent report by Bayo Adedipe and Associates suggests the Naira will settle at N1,574/$1 in 2025. For context, the exchange rate closed in 2024 at N1,553/$1, marking only a slight shift. Nairalytics, the research arm of Nairametrics, projects the exchange rate will hover between +5% (appreciation ...

Dec 18, 2024 · The naira traded within the N1665/$ bandwidth, driven by importers, currency hedgers, and non-financial end-users, despite improved fundamentals in the official market.