Naira News
Latest articles and news about Naira on AXL Media.
Latest Articles
- Naira Maintains Stability Against Dollar as May 2026 Parallel Market Trading Opens
Published: May 1, 2026
Section: Africa
The Nigerian Naira opened May 1, 2026, holding steady against the US Dollar with the parallel market selling rate at ₦1400. While the Central Bank of Nigeria maintains a lower offi...
- Naira Halts Two-Week Decline with Marginal Gain at Official Market Following Recent Volatility
Published: Apr 30, 2026
Section: Africa
The Nigerian naira appreciated slightly on Wednesday, ending a nearly two-week downward trend. Trading data from the Central Bank of Nigeria shows the local currency gained N1.24 t...
- Nigerian Breweries Group Revenue Surges 35 Percent to N1.5 Trillion Amid Strategic Price Protection Measures
Published: Apr 20, 2026
Section: Africa
Nigerian Breweries (NB) Plc has reported a significant financial rebound in 2025, with group revenue climbing to N1.5 trillion and operating profit growing by 194 percent. Finance...
- Nigeria becomes net petrol exporter for first time in decades as Dangote refinery scales up
Published: Apr 16, 2026
Section: Africa
Nigeria achieved a historic milestone in March 2026 by becoming a net exporter of petrol, driven by the massive output of the Dangote Petroleum Refinery. Data reveals that the coun...
- Naira Rebounds At Official Market With One Percent Gain Following Three Sessions Of Consecutive Losses
Published: Apr 9, 2026
Section: Africa
The Nigerian naira appreciated against the U.S. dollar on Wednesday, closing at 1,371.82 per dollar at the official window. This recovery represents a one percent increase in value...
- World Bank Warns Nigeria Faces 3.1 Percent Inflation Spike as Global Oil Prices Surge
Published: Apr 8, 2026
Section: Africa
The World Bank issued a warning on April 8, 2026, stating that Nigeria's headline inflation could rise by 3.1 percentage points due to escalating global oil prices. This surge, tri...
- NANTA Slams Foreign Airlines Over "Disrespectful" Dollar-Denominated Ticket Sales in Nigeria
Published: Apr 1, 2026
Section: Africa
Yinka Folami, President of the National Association of Travel Agents of Nigeria (NANTA), has condemned foreign airlines for insisting on dollar payments for tickets, calling it an...
- Naira Maintains Strategic Stability Against Major Currencies as Central Bank FX Reforms and Disinflationary Tactics Take Hold
Published: Mar 30, 2026
Section: Africa
The Nigerian Naira has entered a period of cautious stabilization, trading at N1,380 per dollar and N1,837 per pound at the official window. Backed by record-high foreign reserves...
- Naira Appreciates to ₦1,357 Against Dollar as Nigeria’s External Reserves Surpass Critical ₦50 Billion Milestone
Published: Mar 17, 2026
Section: Africa
The Nigerian naira gained 0.62% in the official market this week, closing at ₦1,357.77 per dollar. The appreciation is supported by an 11-week consecutive build-up in gross externa...
- Nigeria Debt Servicing Outpaces Capital Investment by N3.9 Trillion Amid Severe Macroeconomic Pressures
Published: Mar 9, 2026
Section: Africa
A report from the Federal Ministry of Finance reveals that Nigeria spent N27.2 trillion on debt obligations between 2024 and 2025, significantly exceeding expenditure on infrastruc...
- Central Bank of Nigeria Bolsters National Foreign Reserves With $3.5 Billion Gold Acquisition via Domestic Purchase Program
Published: Mar 4, 2026
Section: Africa
The Central Bank of Nigeria (CBN) has added $3.5 billion in locally sourced gold to its foreign reserves, utilizing the National Gold Purchase Programme. This strategic move, annou...