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Naira gains as reserves hit $54.9bn on stronger oil receipts - BUSINESSDAY

OCTOBER 06, 2026

The naira appreciated by 0.28 percent in September as improved foreign exchange (FX) liquidity, stronger oil receipts and sustained market confidence supported the local currency,

MARKET NEWS

October 06 Nigeria Leads Africa Investability Gains on President’s Reforms - BLOOMBERG October 06 World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth o... (read more) October 06 U.S. dollar ticks up as euro hits nearly 17-month low on France fiscal fears October 06 China shuts down record 670 banks, new worries over oil and AI - CNBC October 06 Zambia projects 7% rise in spending in 2027 budget - REUTERS October 06 South African rand slips as markets await PMI data and October fuel price adjustment - REUTERS October 06 Petrol, diesel prices rise 86% in eight months – Report - PUNCH October 06 Naira records biggest gain against euro in over two years - P.M.NEWS October 06 Nigeria’s NCC to Leverage ITU Digital Centre to Expand Digital Skills Training - TECH AFRICA October 06 Nigerian firms squeezed by taxes, insecurity, high rates –CBN - THE SUN October 06 Naira rises to N1,357/$ in parallel market - VANGUARD October 06 Naira extends depreciation against USD - DAILY POST October 06 Naira gains as reserves hit $54.9bn on stronger oil receipts - BUSINESSDAY October 05 What the Euro’s Fall Says About the Risks Investors Are Watching - BLOOMBERG October 05 How NNPC made N7.2tr profit despite revenue drop - THE SUN October 05 Oil prices fall over 3% on report of potential diesel, crude stock release; Brent bac... (read more) October 05 Fitch Reaffirms Stanbic IBTC AAA Rating Amid Naira Devaluation, Recapitalisation Test... (read more) October 05 NPA tackles export hurdles to drive forex earnings - LEADERSHIP October 05 Sports betting is increasingly the norm for Gen Z. Here’s why some financial and ment... (read more) October 05 OPEC+ agrees to keep November oil output targets steady - CNBC October 05 Bank of Canada data shows debt arrears hit a post-2015 high — and credit cards are th... (read more) October 05 US economy grew a solid 2.2% in the second quarter, government says, upgrading previo... (read more) October 05 China shuts hundreds of banks as Beijing moves to shore up its financial system - CNBC October 05 MTN Nigeria insider sells stake through NGX - PUNCH October 05 Inflation cooled slightly last month even as consumers stepped up spending - THE CANADIAN PRESS October 05 Bonds Treasury yields inch lower as investors pare back Fed rate hike bets October 05 NNPC targets 3m bpd crude production, gas exports surge 24% - THE NATION October 05 Qantas to start selling tickets next year for its New York to Sydney nonstop flight - CNBC October 05 CREDICORP to reach 2m Nigerians with consumer credit in 2027 - THE NATION October 05 Oil prices lower as G7 nations to release diesel stocks, Saudis reportedly plan attac... (read more)

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