Naira Weakens as CBN Slashes FX Intervention by 83% in April
The Nigerian naira came under mild pressure at the official foreign exchange market on Tuesday, closing at N1,366.56 per US...
Naira Weakness Pushes Foreign Currency Taxes to N6.33 Trillion in 2025
Nigeria’s tax receipts denominated in foreign currency rose sharply to N6.33 trillion in 2025, representing a 27.3% increase from N4.97...
Naira Drops to Three-Week Low at ₦1,361.5 per Dollar Amid Persistent FX Pressure
The Nigerian naira weakened to its lowest level in three weeks on Friday, as foreign exchange market pressures continued to...
Naira Slips to Fresh Low of ₦1,364.24/$ at Official Window
The Nigerian naira continued its recent decline against the US dollar at the official foreign exchange market on Monday, April...
Naira Softens at N1,351 Against Dollar as Parallel Market Premium Widens
The Nigerian naira recorded a modest depreciation against the United States dollar in early trading on Thursday, April 23, 2026,...
Naira Opens New Trading Week with Slight Depreciation in Official Market
The Nigerian naira opened the new trading week on Monday, April 20, 2026, with a modest adjustment in the official...
Naira Hits Strongest Level Since Mid-February as Global Dollar Weakens
The Nigerian naira extended its recent rally on Wednesday, closing at N1,341.99 per US dollar in the official foreign exchange...
World Bank Approves $500 Million Loan to Boost Nigeria’s Agricultural Productivity and Food Security
The World Bank has approved a $500 million International Development Association (IDA) credit to support Nigeria’s agriculture sector through a...
US Cuts Nigerian Crude Imports by Nearly 50% in January 2026
The United States sharply reduced its imports of Nigerian crude oil in January 2026, with volumes dropping by 47.16% month-on-month,...
CBN Blacklists Chronic Loan Defaulters, Bars Them from Banking Services
The Central Bank of Nigeria (CBN) has imposed strict restrictions on banking services for “chronic defaulters” and large-ticket obligors with...
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