Naira Overvalued by 30% Against the Dollar: RenCap Report Warns of Unsustainable Rally in 2025 Nigeria’s naira has staged a remarkable comeback in 2025, strengthening to around ₦1,466 per dollar amid surging foreign reserves and policy tweaks—but a fresh report drops a bombshell: the currency is now overvalued by up to 30%, risking a sharp … Read more
There isn’t any proof from dependable sources confirming that the Nigerian Naira fell to precisely ₦2,200 towards the British Pound Sterling in June 2025. Nonetheless, based mostly on accessible knowledge, I can present an summary of the Naira’s efficiency towards the Pound in 2025, together with current traits, trade charges, and elements influencing its worth. … Read more
This week on Drinks and Mics, the standard gang, Ugodre Obi-Chukwu, Tunji Andrews, Arnold Dublin Inexperienced and “Otunba” Dele Akintola gathered over drinks to interrupt down the monetary chaos gripping Nigeria. And belief us, there was loads to unpack. The Naira has been on a wild experience, shedding worth at an alarming fee, and everybody’s … Read more
LAGOS, Nigeria — May 6, 2025 A recent rally in Brent crude oil prices has provided a modest reprieve for the Nigerian naira, which has faced significant pressure in recent months due to fluctuating oil revenues and foreign exchange (FX) challenges. Brent crude, a global benchmark closely tied to Nigeria’s Bonny Light crude, surged past … Read more
Naira Holds Steady in Black Market Amid Global US Dollar Weakening In a surprising twist for global currency watchers, Nigeria’s Naira has maintained its footing in the unofficial black market even as the U.S. dollar slumps worldwide. This stability could signal shifting economic tides with ripple effects far beyond Africa’s largest economy. Current Exchange Rates … Read more