CBN Governor Says Nigeria’s External Reserves Surge To $52.52 Billion
Central Bank of Nigeria Governor Yemi Cardoso has revealed that the nation’s gross external reserves have surged to $52.52 billion, providing nearly 11 months of import cover as the Monetary Policy Committee holds the benchmark interest rate at 26.5 percent. Â
Naira Loses Ground Against Dollar At Official Market
Naira weakened further at the official foreign exchange market, depreciating by N3.32 to close at N1,379.06 against the U.S. dollar, extending losses recorded earlier in the week.
Nigerian Market Gains N3.16 Trillion In Bullish Week-End Trading
Nigeria's equities market rebounded strongly on Friday as investors gained N3.16 trillion, driven by renewed buying interest in banking, telecommunications and oil and gas stocks.
Strong Naira Rally Extends Gains At Official FX Market
The Naira appreciated to N1,351.02 at the official FX market, extending recent gains amid improved liquidity and sustained Central Bank interventions.
Fidelity Bank Makes Strategic Chairman Appointment, Names Amaka Onwughalu Board Leader
Fidelity Bank Plc has appointed Mrs Amaka Onwughalu as its new Chairman, effective January 1, 2026, following the completion of Mr Mustafa Chike-Obi’s tenure.
