By Seun Ibiyemi The naira maintained relative stability against the United States dollar on Tuesday, trading at about N1,363.83/$ at the Nigerian Foreign Exchange Market (NFEM), as ongoing foreign exchange reforms and improved market liquidity continued to support the local currency. Market data showed that the naira remained within the N1,360 range at the official…
By Seun Ibiyemi The Nigerian naira maintained relative stability against the United States dollar on Thursday, trading around ₦1,360/$ at the official Nigerian Foreign Exchange Market (NFEM), as improved liquidity and sustained interventions by the Central Bank of Nigeria (CBN) continued to support the foreign exchange market. Market data indicated that the naira traded within…
By Seun Ibiyemi Access Holdings Plc has reported a significant improvement in its financial performance for the 2025 financial year, with shareholders’ funds rising to ₦4.33 trillion and profit before tax exceeding the ₦1 trillion mark as the group strengthened its capital base and expanded its diversified financial services operations. The Chairman of Access Holdings,…
By Seun Ibiyemi The Nigerian naira maintained a relatively stable performance against the United States dollar on Wednesday, reinforcing recent gains recorded in the foreign exchange market as investors and businesses continued to monitor liquidity conditions and foreign exchange supply. Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira traded around ₦1,360.55…
By Seun Ibiyemi The Nigerian naira maintained a relatively stable performance against the United States dollar on Tuesday, June 9, 2026, as improved foreign exchange liquidity and sustained market confidence helped support the local currency across official and parallel market segments. Data from the Nigerian Foreign Exchange Market (NFEM) showed the naira trading around ₦1,362.21…
The UBA Foundation has strengthened its commitment to environmental sustainability with the planting of trees at two iconic secondary schools in Lagos State as part of activities marking the 2026 World Environment Day (WED). The initiative, carried out at King’s College, Lagos, and CMS Grammar School, Bariga, signals the commencement of the foundation’s 2026 Tree…
By Seun Ibiyemi The Nigerian naira closed the trading week ended June 5, 2026 in a broadly stable but structurally fragile position, reflecting a foreign exchange market still balancing persistent demand-side pressures against intermittent policy-driven support and improving but uneven dollar liquidity. A closer analysis of market activity shows that the apparent stability in the…
By Seun Ibiyemi The naira maintained a relatively stable performance against the United States dollar on Tuesday, supported by improved foreign exchange liquidity and rising external reserves, signaling continued stability in Nigeria’s foreign exchange market. Data from the Nigerian Foreign Exchange Market (NFEM) showed that the local currency traded around ₦1,373.25 to the dollar at…
By Seun Ibiyemi The Nigerian naira strengthened against the United States dollar at the official foreign exchange market on Monday, continuing its recent recovery amid improved liquidity and sustained interventions by the Central Bank of Nigeria (CBN). Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at N1,366.79 per dollar, compared…
By Seun Ibiyemi The naira posted a marginal appreciation against the United States dollar at the official foreign exchange market during the week ended May 29, 2026, supported by sustained market stability and improving investor confidence despite reduced trading activities due to the Eid-el-Kabir public holidays. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM)…
