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Trump’s tariff enigma, Nigeria’s precarious budget
14 Apr 2025 23:27 GMT
… cent for friendly countries like Nigeria.
Nigeria’s major problem is … a huge relief for Nigeria. Nigeria’s export to the … lower than previous years. Naira depreciation provided cover for NCS … economies with a massively depreciating currency.
A few months ago …
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Exchange rate appreciates as Naira closes at N1,599/$1 at official market
14 Apr 2025 21:57 GMT
… the Central Bank of Nigeria’s (CBN) website … CBN interventions
Currency experts believe the Naira’s recent recovery … exchange market.
Some forex traders attribute the volatility … confidence among investors and FX market participants, while ensuring that …
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UK Backs InfraCredit with N9.5bn Investment to Boost Nigeria’s Sustainable Infrastructure
14 Apr 2025 21:52 GMT
… catalytic investment to support Nigeria in mobilising more … this challenge by issuing Naira-denominated guarantees that help … continued commitment to supporting Nigeria in developing its … Nigeria in line with our mission to unlock long-term local currency …
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JP Morgan Forecasts Naira At ₦1,450/$ By Year-End
14 Apr 2025 17:01 GMT
… JP Morgan has projected the Nigerian naira will appreciate to ₦1,450 … boosting investor confidence.
It noted Nigeria’s net FX reserves rose … at $40.9 billion.
“Nigeria remains our top frontier market … could further stabilise the currency, the report added.
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Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence
14 Apr 2025 00:36 GMT
… Chinwendu Obienyi
Nigeria’s foreign exchange (FX) market is once again … trade tensions could deepen Nigeria’s macroeconomic vulnerabilities.
… the local currency.
As a result, the naira has continued … interventions to stabilize the FX market. The apex bank has …
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Nigeria: VerseOne Distribution now accepts Naira payments
14 Apr 2025 12:48 GMT
The move, which came into effect on 11 April 2025, forms part of the company’s ongoing commitment to making its services more accessible and inclusive for African creators, labels, and music entrepreneurs.
By enabling local currency payments, VerseOne aims …
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Naira devaluation spurs growth in textiles export to N36bn in 2024
14 Apr 2025 10:17 GMT
… be mainly due to currency depreciation. The data also … the devaluation of the Naira.
But industry observers said … Garment and Tailoring Workers of Nigeria (NUTGTWN), Godonu Peters, decried … said: “Successive governments in Nigeria since 1999, following the …
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ANALYSIS: How Trump’s Tariff Agenda Could Reshape Nigeria’s Trade and Economy
14 Apr 2025 09:02 GMT
… , further depreciating the Nigerian Naira and increasing the cost … to budget deficits, currency devaluation, and economic instability … in Africa, providing Nigeria with new investment opportunities … ’s tariff policies, Nigeria must adopt proactive strategies …
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Nigerians shift to made-in-Nigeria products as imported items become too expensive
14 Apr 2025 09:00 GMT
… of foreign goods, driven by currency depreciation and import pressures, … on Nigerians themselves. Beyond forex depreciation or GDP, we have … subsidies, the unification of Nigeria’s multiple exchange rates, … oil prices drop but the naira also weakens, that’s …
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Bill Gates-backed Arnergy to expand solar access in Nigeria with $18M as demand surges
14 Apr 2025 08:28 GMT
… 4–5x this year. Naira revenues have climbed accordingly and … have remained flat due to currency devaluation, but Adeyemo said the … its momentum. Last month, Nigeria’s government announced plans to … . According to the CEO, Nigeria needs to create an environment …