Naira Archives - Independent Digital News Network

Oil retreats to $100.32 after G7 intervention — but Nigeria’s revenue exposure is far from over

IDNN4 weeks ago4 weeks ago

Brent’s October 5 settlement stood $35.47 above Nigeria’s 2026 budget oil-price benchmark. But production, realised prices, government take and exchange rates determine how much of that apparent upside reaches public finances....

Nigeria’s 350bp rate reset puts borrowing costs, bond returns and bank pricing in play

IDNN4 weeks ago4 weeks ago

4 weeks ago4 weeks ago0

Nigeria’s policy rate has fallen sharply, but cheaper money is not yet guaranteed. The next test is whether the CBN’s 350-basis-point reset reaches government borrowing, bank lending, investors and the real economy....

Nigeria’s FX Market Turnover Falls 35.4% to $1.70bn as Spot Trading Contracts

IDNN1 month ago1 month ago

1 month ago1 month ago0

Nigeria’s foreign exchange market turnover fell 35.41% to $1.70 billion in the week ended October 2, with the contraction concentrated in spot trading while forward......

Naira hovers near ₦1,326/$ as Fed decision and CBN meeting put FX market on watch

IDNN2 months ago2 months ago

2 months ago2 months ago0

The naira is holding near ₦1,326/$ as markets await the Federal Reserve’s September decision and the CBN’s next MPC meeting, with FX liquidity and intervention still under watch....

Borno traders report suspected counterfeit ₦1,000 notes in grain markets

IDNN2 months ago2 months ago

2 months ago2 months ago0

Borno traders say suspect ₦1,000 notes are cutting into transactions and market confidence, while formal authentication of the reported currency remains unresolved....

NAIRA STUMBLES TO ₦1,470/$ AS INFLOWS THIN — FX MARKET BRACES FOR PRESSURE

IDNN07.10.202507.10.2025

07.10.202507.10.20250

After weeks of relative calm, the naira slipped across both official and parallel markets on Monday, closing at ₦1,470.26/$ at the Nigerian Foreign Exchange Market. Analysts link the dip to reduced weekly inflows and delayed portfolio remittances, warning that the currency’s stability could be tested again if inflows fail to rebound....

Nigeria’s External Reserves Hit $42bn, Highest Since 2019

IDNN24.09.202524.09.2025

24.09.202524.09.20250

Nigeria’s external reserves climbed to $42.03bn in September 2025, the highest in six years. Analysts say the rally strengthens naira stability and boosts investor confidence....

Naira

Oil retreats to $100.32 after G7 intervention — but Nigeria’s revenue exposure is far from over

Nigeria’s 350bp rate reset puts borrowing costs, bond returns and bank pricing in play

Nigeria’s FX Market Turnover Falls 35.4% to $1.70bn as Spot Trading Contracts

Naira hovers near ₦1,326/$ as Fed decision and CBN meeting put FX market on watch

Borno traders report suspected counterfeit ₦1,000 notes in grain markets

NAIRA STUMBLES TO ₦1,470/$ AS INFLOWS THIN — FX MARKET BRACES FOR PRESSURE

Nigeria’s External Reserves Hit $42bn, Highest Since 2019

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