Olumide Adesina on Muck Rack

Olumide Adesina

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As seen in: Medium, Yahoo News, Yahoo News New Zealand, Yahoo Singapore, Yahoo Finance, Yahoo Finance Singapore, CoinDesk, Flipboard, Nasdaq, Yahoo and
Covers:  Financial Markets
Tweets for informational purposes only and not intended for investment advice

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Olumide Adesina’s Biography

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Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.

Articles

Naira settles at N1,361/$ as dollar stays supported on strong U.S. jobs data

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By Olumide Adesina 
| Nairametrics
The Nigerian naira posted relatively tight, stable movement in the first half of the week against the US dollar, currently settled at N1,361/$ The CBN continues to play a very hands-on role in the foreign exchange market. These interventions (selling dollars directly to BDCs and dealers) have been the most aggressive policy tool for reigning in volatility. A sustainable gap between N1350-1360 still depends heavily on how well Nigeria’s gross foreign reserves hold up under these defense tactics.
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Bonny Light sells for $102 a barrel amid Israel-Iran truce

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By Olumide Adesina 
| Nairametrics
Nigerian crude oil prices and major oil contracts declined after US President Donald Trump expressed strong feelings about ending the Middle East conflict, following Israel and Iran’s agreement to cease fighting. The latest price showed Nigeria’s Bonny Light trading at $102 per barrel. Iran and Israel said on Monday they had suspended attacks on one another at the request of US President Donald Trump, thereby reducing geopolitical fears and pressuring Crude Oil prices.
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Naira maintains strength against British Pound, opens trade at N1,823/£1

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By Olumide Adesina 
| Nairametrics
The Nigerian naira remains strong against the British Pound Sterling, based on the most recent Nigerian foreign exchange market price action. CBN’s latest data showed the local currency settled at N1,823/£1 on Friday, June 5, 2026. In the first week of June, the Naira modestly recovered, moving away from its high of approximately N1,845/£1 on June 1st. This slight appreciation occurs amid ongoing liquidity management efforts by Nigeria’s Central Bank (CBN) in the official FX window.
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