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Naira Edges Up Amid Volatility, Offers Sliver of Relief

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Naira edges up to N1,436.57/$, offering a small relief to Nigerians amid volatility and inflation pressures, says CBN data

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Naira concluded a rollercoaster trading week on a positive note Friday, appreciating by 16 kobo to close at N1,436.57 per U.S. dollar in the official Investors and Exporters (I&E) window, according to Central Bank of Nigeria (CBN) data.

Also read: Wakanow acquires NairaBox to expand into lifestyle sector

The incremental 0.01% gain from Thursday’s close of N1,436.74 provides a sliver of stability for investors weary of persistent currency volatility.

Analysts, however, caution that the move may represent little more than a temporary breather in Nigeria’s broader battle against imported inflation and dollar scarcity.

The week’s trading highlighted the Naira’s vulnerability to speculative pressures and external shocks, particularly fluctuations in global oil prices, Nigeria’s primary economic lifeline.

Monday saw the currency open weaker at N1,436.34, down N14.69 from the previous Friday’s N1,421.73, reflecting market jitters over delayed CBN interventions and a growing trade deficit.

A rebound followed Tuesday, with the Naira climbing N2.68 to N1,433.65, supported by modest diaspora remittances and a surprise uptick in non-oil exports.

Yet the relief was fleeting. Wednesday brought a dip to N1,438.49 as importers scrambled for dollars ahead of year-end deadlines, straining liquidity in the parallel market where rates approached N1,600.

Thursday’s partial recovery to N1,436.74 was credited to the CBN quietly mopping up excess dollars, before Friday’s close cemented the week’s narrow gain.

For everyday Nigerians, even a marginally stronger Naira eases the cost of imported staples like rice and fuel, offering faint relief amid 28% headline inflation.

But with foreign reserves dipping below $35 billion and geopolitical tensions in the Sahel disrupting trade, experts urge caution.

Also readNaira Exchange Rate Decline Continues with 19 Kobo Dip Against Dollar

The CBN, while not specifying details, has hinted that its November Monetary Policy Committee meeting may introduce policy adjustments to curb depreciation and stabilise the currency further.

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Governor Dauda Lawal woos investors, highlights Zamfara’s economic opportunities at CEO Forum

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Zamfara State Governor, Dauda Lawal, has called for stronger collaboration between government, businesses and investors to unlock private capital and drive inclusive economic growth in the state.

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Lawal made the call while delivering a Special Policy Address at the 2026 CEO Forum organised by the Global Compact Network Nigeria in Lagos.

The forum, held under the theme “Financing a Dignified Future: Aligning Business Action, Policy and Capital,” brought together chief executives, senior government officials, industry leaders, diplomats, trade commissioners and international development partners.

Participants were drawn from key sectors of the economy, including oil and gas, energy, manufacturing, construction and infrastructure.

The governor spoke on the growing competition among states for increasingly selective private capital and the factors that could transform an economic opportunity into an investable proposition.

He explained how his administration was working to bridge the gap between available economic opportunities and investment, with emphasis on building investor confidence while ensuring that investments deliver meaningful outcomes for the people of Zamfara.

According to him, attracting investment requires more than identifying economic opportunities, but also creating the conditions, policies and partnerships capable of giving investors confidence to commit capital.

The forum provided a platform for business leaders, government officials and investors to examine ways of aligning business strategies, public policies and capital deployment to unlock productive investment.

Discussions also focused on identifying businesses, sectors and projects with strong potential but facing difficulties in accessing financing, as well as measures to make such opportunities more attractive to investors.

The organisers also introduced the concept of the “Dignity Dividend,” examining how investment-led growth could translate into better jobs, stronger businesses, increased productivity, local value creation and broader economic participation.

Another key component of the forum was the identification of actionable commitments and partnerships that participating institutions could advance over the next six to 12 months.

Notable speakers at the event included chief executives of First Bank Group, Access Bank, Flour Mills of Nigeria Plc, Nigeria Economic Summit Group, Nigerian Exchange Group, Chellarams Plc, SecureID Group and Greenwich Merchant Bank Plc, among others.

The organisers said the session would culminate in a live showcase of the Business Value and Sustainability Platform (BVSP), described as a standing coalition of business, capital and policy actors designed to sustain the dialogue.

The platform is also expected to contribute to shaping Nigeria’s private-sector engagement during the United Nations General Assembly High-Level Week.

The governor’s participation in the forum comes as Zamfara seeks to strengthen its economic base, attract productive investment and create opportunities that can support sustainable livelihoods and wider participation in the state’s economy.

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Fuel subsidy debate: Between economic reform and political expediency

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Atiku petrol subsidy plans have reignited Nigeria’s 2027 debate as the ADC candidate promises relief while the Presidency demands clarity

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Lawal Strengthens Zamfara Judiciary With ₦600m Support

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The governor distributed official vehicles to judicial officers and said about 90 per cent of court rehabilitation projects across the state had been completed

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