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Naira Rebounds to N1,382.63 Amid Improved Liquidity

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Nigeria’s naira strengthened to N1,382.63 per dollar on improved liquidity and rising foreign exchange inflows, despite declining external reserves

Nigeria’s naira showed renewed strength on Tuesday, March 24, 2026, closing at N1,382.63 per dollar at the Nigerian Foreign Exchange Market (NFEM), up from N1,388.38 the previous day.

Also read: FG to Deploy Youths, Retired Soldiers in Nationwide Demining Operations

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The rebound reflects a 0.42% increase (N5.75) and comes amid improved market liquidity and strong foreign exchange inflows, signalling temporary easing of pressure on the official FX window.

In the parallel market, the naira remained stable at N1,415 per dollar, though the gap between official and black market rates widened to N33 from N27, indicating lingering inefficiencies.

Data from FMDQ Group showed foreign exchange inflows rose 45% month-on-month to $4.4 billion in February, driven largely by foreign portfolio investors attracted to Nigeria’s high-yield environment.

Despite this momentum, Nigeria’s external reserves fell for the sixth straight session to $49.60 billion as of March 23, 2026, down 0.84% from earlier levels.

However, analysts highlight the strength of Nigeria’s net usable reserves, which surged from $3.99 billion at the end of 2023 to $34.80 billion by late 2025, providing a stronger buffer for FX intervention.

Gross reserves remain above $45 billion, covering nearly ten months of imports.

Structural reforms—including FX market unification, subsidy removal, legacy obligation settlements, and tighter monetary policy—have improved liquidity, encouraged inflows, and strengthened policy credibility.

The Central Bank’s increased gold reserves, rising from $2.6 billion in late 2025 to $3.5 billion in early 2026, have further diversified reserves and bolstered confidence in the naira.

Also read: FG to Deploy Youths, Retired Soldiers in Nationwide Demining Operations

In February 2026, the naira appreciated by 4.13%, demonstrating resilience despite efforts by the Central Bank of Nigeria to slow its momentum through strategic dollar purchases.

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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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