AllAfrica News: Currencies

[Daba Finance] The Nigerian naira has gained approximately 5% against the US dollar this year, according to the United Nations Trade and Development (UNCTAD) Report 2026. This contrasts with other African currencies, which collectively weakened by 1.2% against the dollar between January 1 and September 11. Africa was the only developing region whose currencies lost ground during...

[Premium Times] Much of the palaver over the recent meeting of the Central Bank of Nigeria's policy committee was exercised by how well the apex bank is doing its job. Against its primary goal of maintaining price stability, the CBN's Monetary Policy Committee's decision to recalibrate its monetary policy rate (MPR) in order to align it with the market invited the most attention...

[Daily Trust] Residents seeking healthcare in public hospitals across satellite towns of the Federal Capital Territory (FCT) have alleged persistent cash-only payment practices.

[Daba Finance] The Nigerian naira demonstrated resilience among African currencies during the second quarter of 2026, according to the World Bank. Its October 2026 "Africa Economic Update" reported that the naira withstood significant exchange rate pressure. This pressure was largely driven by rising geopolitical tensions and higher global energy prices.

[Daba Finance] Nigeria's naira has strengthened to a two-year high, reaching N1,331.77 per dollar in the official foreign exchange market. This appreciation occurred despite fears of pressure following an interest-rate cut by the Monetary Policy Committee. The Central Bank of Nigeria (CBN) and financial institutions have observed these developments.