Cash Outside Banks Falls by N486 Billion to Seven-Month Low
Currency held outside Nigeria’s banking system dropped to its lowest level in seven months in June 2026, signalling a gradual...
Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day
The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded...
CBN Keeps Benchmark Rate at 26.5% as MPC Maintains Tight Monetary Policy
The Central Bank of Nigeria (CBN) has decided to retain the Monetary Policy Rate (MPR) at 26.5%, maintaining its tight...
Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest in 17 Years
Nigeria’s external reserves have climbed to $51.86 billion, the highest level recorded in more than 17 years, according to the...
FX Market Turnover Plunges 46.57% to $1.63 Billion in Second Week of July
Nigeria’s foreign exchange market witnessed a sharp decline in activity during the week ended July 10, 2026, with total turnover...
Nigeria’s Exports to US Drop by N366bn in Q1 as Imports from America Surge
Nigeria’s exports to the United States declined sharply by N365.64 billion in the first quarter of 2026, even as imports...
Naira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data
The Nigerian naira traded with relative stability in the official foreign exchange market during the first half of the week,...
Wema Bank Temporarily Suspends X (Twitter) Activities Over Surge in Fake Accounts
Wema Bank has temporarily suspended all communications on its official X (formerly Twitter) platform due to a sharp increase in...
NGX Frames Dangote Refinery IPO as Pan-African Investment
The Nigerian Exchange Group (NGX Group) is positioning the forthcoming Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals as...
Naira Records Modest Decline at Official Market, Remains Stable in Parallel Market
The Nigerian naira weakened slightly against the US dollar in the official foreign exchange market on Thursday, dropping by N1.49...
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