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The Nigerian naira gained notable ground against the United States dollar on the parallel market to close at N1,385. Street traders in Lagos and Abuja quoted the rate following a sustained increase in dollar supply across major trading hubs. This appreciation represents a significant recovery from previous lows, where the local currency faced immense speculative…
 The African Democratic Congress (ADC) has dismissed the federal government’s celebration of a 22 per cent rise in dollar GDP as a whitewash. While official data suggests the economy hit $307bn in 2025, the opposition party argues these figures offer no relief to a hungry population. National Publicity Secretary Bolaji Abdullahi noted that “people do…
The Central Bank of Nigeria (CBN) has successfully propped up the naira through aggressive Open Market Operations (OMO), despite a worrying $1.14 billion slide in external reserves. Over a four-day trading week, the local currency gained 1.76 per cent to close at N1,356.89 per dollar at the official window. This recovery suggests that the central…
