Sunday, May 17, 2026

Naira

February 20, 2026

Naira Strengthening Reaches Two-Year High

The naira strengthening trend has accelerated recently. Consequently, the currency reached 1,347.78/$ on Monday. This marks a two-year high in the official market. Furthermore, year-to-date appreciation stands at 6.9 percent. Thus, improved
January 24, 2026

Naira Still Undervalued by 11%, Rewane Says

The naira remains undervalued by about 11 percent despite recent foreign exchange reforms, according to Bismarck Rewane, managing director of Financial Derivatives Company. Rewane said the naira undervalued position becomes clear when

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