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Naira strengthens FX liquidity boosts 1.58% gain as investor confidence rises, though oil volatility and bond market risks persist in Nigeria
Naira FX liquidity surge Nigeria sees currency strengthen to ₦1,359 amid improved CBN liquidity, despite foreign reserves dipping below $50bn
Nigeria’s external reserves have surpassed $50 billion for the first time in 13 years, CBN Governor Olayemi Cardoso says
Naira depreciation continues with nine consecutive days of decline, hitting N1,387.09 against the dollar amid rising external reserves of $49.88bn
CBN intervenes in FX market, withdrawing $190M to slow naira appreciation. Nigeria’s external reserves hit $50B, fueling investor caution amid volatility
US dollar hits four-year low, prompting naira and other currencies to rise while gold surges, reflecting global investor shift amid economic uncertainty
Meristem Securities projects Nigerian oil and banking stocks to benefit from global crude surge, citing gains for Seplat, Aradel and commercial banks.