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Net FX inflows triple to $9.2bn as dollar supply surge fuels naira rally - Businessday NG

Nigeria's foreign exchange market recorded a significant improvement in January 2026, with net foreign exchange inflows tripling to $9.22...

Raccontata dapunchng.combusinessday.ng

Confronto fonti

2 prospettive sulla stessa storia
AI · summaries
businessday.ngStai leggendo1 mesi fa

Net FX inflows triple to $9.2bn as dollar supply surge fuels naira rally - Businessday NG

Nigeria's net FX inflows tripled to $9.22B in January 2026, strengthening the naira 2.43% and external reserves to $48.88B. Currency stabilization reduces hedging costs for tech infrastructure and outsourcing in Nigeria's growing digital market.

originale
punchng.com1 mesi fa

Manufacturing sector drives 77% forex surge

Nigeria's forex utilisation surged by 77% in 2025, driven by the manufacturing sector. This indicates a major economic rebound and a shift from consumption

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Timeline cronologica

  1. lunedì 1 giugno 2026·punchng.com

    Manufacturing sector drives 77% forex surge

    Nigeria's forex utilisation surged by 77% in 2025, driven by the manufacturing sector. This indicates a major economic rebound and a shift from consumption

  2. martedì 2 giugno 2026·businessday.ng

    Naira strengthens to N1,366.79 as FX interbank turnover jumps 49.58% - Businessday NG

    The naira appreciated against the dollar across the foreign exchange (FX) market segments on Monday, supported by improved liquidity…

  3. mercoledì 3 giugno 2026·businessday.ng

    Net FX inflows triple to $9.2bn as dollar supply surge fuels naira rally - Businessday NG

    Nigeria's foreign exchange market recorded a significant improvement in January 2026, with net foreign exchange inflows tripling to $9.22...

  4. giovedì 4 giugno 2026·businessday.ng

    Nigeria is getting capital, but not the kind that creates jobs - Businessday NG

    Nigeria attracted $10.37 billion in foreign capital during the first quarter of 2026, almost double the $5.64 billion recorded a year...

  5. giovedì 4 giugno 2026·businessday.ng

    Naira rises to near one-month high of N1,357.26 as liquidity improves - Businessday NG

    The naira on Wednesday appreciated to a near one-month high of N1,357.26 per dollar in the official foreign exchange market as liquidity

  6. giovedì 4 giugno 2026·businessday.ng

    Nigeria's dollar demand cools as local refining cuts fuel imports, supports naira - Businessday NG

    Nigeria's demand for foreign exchange eased at the start of 2026 as growing domestic refining capacity reduced the country's fuel import...

  7. sabato 6 giugno 2026·businessday.ng

    Naira gains as external reserves hit new high of $50.04bn - Businessday NG

    The naira strengthened against the dollar ending the week strong as Nigeria’s gross external reserves climbed to a record $50.04