Author: Folasade Olugbade

Folashade Olugbade is a financial news reporter with interest in alternative investments, and foreign exchange trading and other related beats. A master degree holder in Economics with more than 7 years risk asset trading expertise.Olugbade has stint in reporting fintech, oil, gas and energy markets.

Naira Gains 4.42% in 4 Months as FX Reforms Hold The naira gains 4.42% in four months as FX reforms hold despite oil price volatility and declining external reserves. Nigeria’s gross external reserves had hit a 2009 high of $50.02 billion, but retreated due to significant outflows related to foreign investors’ exits and debt service costs. In April, the Nigerian foreign exchange market sustained its positive momentum, with the naira appreciating by 0.86% month-on-month at the official window to close at ₦1,374.94/$1, compared to ₦1,386.72/$1 at the end of March, Cowry Asset said in its latest report. Analysts said the…

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MTN Nigeria Plc slumped by about 9% on the Nigerian Exchange amid a surge in transaction volume driven by sell-side actors. The share price declined, dragging MTN Nigeria’s market value back from the 52-week high reached after its Q1 2026 earnings.

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