August 3, 2025
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foreign exchange

Kiin360 foreign exchange
General

MTN Nigeria Nears Recovery as FX Losses Set to Be Cleared by Next Quarter

August 1, 2025  MTN Nigeria is on the verge of fully recovering from the substantial foreign exchange (FX) losses that have weighed heavily on its financial performance in recent quarters. The telecoms giant announced that, barring any further currency shocks, it is just one quarter away from erasing the impact of the naira’s sharp devaluation

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General

CBN injects $197.71m to stabilise FX market

In a bid to stabilize the foreign exchange (FX) market, the Central Bank of Nigeria (CBN) on Friday, April 4, 2025, injected a substantial $197.71 million into the market. This move, aimed at ensuring sufficient liquidity and maintaining smooth market operations, underscores the CBN’s commitment to fostering a stable and transparent FX environment. Dr. Omolara

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