DJI46,558.47-0.26%
GDAXI23,447.29-0.60%
GSPC6,632.19-0.61%
HSI25,465.60-0.98%
IXIC22,105.36-0.93%
N22553,819.61-1.16%
AAPL250.12-2.21%
AMZN207.67-0.89%
CL98.71+3.11%
EURUSD1.1423-0.82%
GBPUSD1.3223-0.93%
GC5,061.70-1.25%
GOOG301.46-0.58%
JPM283.44+0.19%
META613.71-3.83%
MSFT395.55-1.58%
NVDA180.25-1.59%
TSLA391.20-0.96%
DJI46,558.47-0.26%
GDAXI23,447.29-0.60%
GSPC6,632.19-0.61%
HSI25,465.60-0.98%
IXIC22,105.36-0.93%
N22553,819.61-1.16%
AAPL250.12-2.21%
AMZN207.67-0.89%
CL98.71+3.11%
EURUSD1.1423-0.82%
GBPUSD1.3223-0.93%
GC5,061.70-1.25%
GOOG301.46-0.58%
JPM283.44+0.19%
META613.71-3.83%
MSFT395.55-1.58%
NVDA180.25-1.59%
TSLA391.20-0.96%
DJI46,558.47-0.26%
GDAXI23,447.29-0.60%
GSPC6,632.19-0.61%
HSI25,465.60-0.98%
IXIC22,105.36-0.93%
N22553,819.61-1.16%
AAPL250.12-2.21%
AMZN207.67-0.89%
CL98.71+3.11%
EURUSD1.1423-0.82%
GBPUSD1.3223-0.93%
GC5,061.70-1.25%
GOOG301.46-0.58%
JPM283.44+0.19%
META613.71-3.83%
MSFT395.55-1.58%
NVDA180.25-1.59%
TSLA391.20-0.96%
CYBERETIKAGLOBAL FINANCIAL INTELLIGENCE
LIVE
NGA BusinessDay NG EN

Naira rebounds to 1,376.19/$ as CBN resumes dollar sales

…External reserves hit $50.01bn on CBN website The naira has rebounded to N1,376.19 per dollar after depreciating for 15 consecutive read more Naira rebounds to 1,376.19/$ as CBN resumes dollar sales

Mar 11, 2026 &03531111202631; 18:53 UTC businessday.ng Trending 2/5
Read original on businessday.ng ↗
↗
Positive for markets
Sentiment score: +65/100
Moderate impact Short-term (days)
WHAT THIS MEANS
Nigeria's naira strengthened to 1,376.19 per dollar as the Central Bank of Nigeria resumed dollar sales, supported by external reserves reaching $50.01 billion. This reversal ends a 15-day depreciation streak, signaling improved foreign exchange liquidity and CBN intervention effectiveness.
AI CONFIDENCE
75% High
SENTIMENT GAUGE
NEWS POWER SCORE
AFFECTED ASSETS
↓
Euro / US Dollar
EURUSDCurrency
Expected to decline
Naira strength against dollar suggests improved emerging market sentiment and CBN credibility, potentially supporting broader EM currencies
⇅
US Dollar / Yen
USDJPYCurrency
High volatility expected
Risk-on sentiment from naira recovery may influence broader currency dynamics, though impact limited to emerging markets
↑
IT→.MI
IT→.MIStock
Expected to rise
Improved Nigerian economic stability benefits European companies with African exposure and emerging market investments
PRICE HISTORY
Loading chart...
⚡ SUGGESTED ACTION
Monitor naira stability as CBN sustains dollar sales; consider long positions on Nigerian-exposed equities and emerging market funds. Watch for sustained reserve levels above $50bn as key support threshold for currency strength.
KEY SIGNALS
CBN resumed dollar sales interventionExternal reserves at $50.01bn - healthy level15-day depreciation streak reversedImproved FX liquidity conditionsCentral bank credibility reinforced
SECTORS INVOLVED
Financial ServicesEmerging MarketsForeign ExchangeBanking
Analysis generated on Mar 12, 2026 at 00:29 UTC
Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by BusinessDay NG. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

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