Naira Stabilizes At Black Market As Cbn Continues Its Intervention In

In recent times, naira stabilizes at black market as cbn continues its intervention in has become increasingly relevant in various contexts. Naira Stabilises at N1,515 at the Black Market - arbiterz.com. In addition to structural reforms, the CBN has intervened directly in the foreign exchange market by selling $25,000 weekly to Bureau de Change operators. This intervention aims to stabilize the market and curb speculative activities that could undermine the naira’s value. Equally important, naira strengthens to ₦1,590/$ amid CBN interventions. Additionally, the naira’s recent resilience is attributed to continued FX interventions by the CBN, strategic macroeconomic policy shifts, and renewed efforts to attract foreign capital inflows.

Naira Stabilizes at ₦1,502-₦1,508 Per Dollar in Black Market on .... The Nigerian Naira maintained relative stability in the black market on Monday, trading at an average rate of ₦1,502 to ₦1,508 per US Dollar, according to real-time updates from parallel market traders and currency tracking platforms. Naira Strengthens to ₦1,440/$ in Black Market, Strongest Level Since ....

The naira hit ₦1,440/$ in the parallel market on Wednesday, its strongest level in over a year. The rebound follows CBN reforms, rising reserves, and improved oil output, though households still struggle with inflation and hardship. Naira Gains in Official, Black Market Windows After CBN Sells $80m to .... Earlier in the week, the naira slipped from ₦1,518 to ₦1,533 as dollar demand outpaced available forex liquidity. In response, the Central Bank intervened by selling $80 million to authorised dealer banks in a bid to bolster the dollar supply and stabilise the exchange rate.

Naira strengthens over CBN intervention, FPI inflow. Naira strengthens against the dollar, driven by CBN intervention and foreign portfolio investment inflow. From another angle, analysts predict continued stability, but global pressures remain a concern. abokiFX News | Forex Updates. The naira strengthened at the official window in the past week to 1,547/$ from 1,549/$, supported by intervention from the Central Bank of Nigeria, which injected dollars into the market to ease corporate demand pressures.

Naira Hits Strongest Level in 2025, Nears N1,500/$ in Black Market. Lagos, Nigeria – February 26, 2025: The Nigerian naira has reached its highest value in the unofficial market this year, trading near N1,500 per US dollar. The rise in the naira’s strength is attributed to ongoing market reforms and interventions by the Central Bank of Nigeria (CBN). Naira stability continues as dollar trades at N1,610 in black market.

The naira continued to show signs of stability at the start of the week, trading at N1,610 per dollar in the parallel market, also known as the black market, on Monday. This reflects a modest gain of N5 when compared to the rate of N1,615 per dollar quoted on Friday in the same market. Nigeria’s Economic Adjustments Strengthen the Naira - FurtherAfrica. Nigeria’s currency has recorded its most significant recovery of the year, strengthening to around ₦1,421 per US dollar — its firmest level since January 2025. The rally, driven by reforms from the Central Bank of Nigeria (CBN) and renewed foreign-exchange inflows, signals a fragile but encouraging phase in the country’s ongoing economic adjustment.