Currencies

Naira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data

June 10, 2026

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Currencies

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Records Modest Gain at Official Market as Reserves Surpass $50 Billion

June 9, 2026

The Nigerian naira strengthened marginally against the US dollar at the official foreign exchange market on Monday, June 8, 2026,...

Naira Records Modest Decline at Official Market, Remains Stable in Parallel Market

June 5, 2026

The Nigerian naira weakened slightly against the US dollar in the official foreign exchange market on Thursday, dropping by N1.49...

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Raises FX Remittance Limit for Nigerian Students Abroad to $25,000 per Semester

June 5, 2026

The Central Bank of Nigeria (CBN) has significantly increased the amount of foreign exchange Nigerian students can remit for tuition...

$26 Billion for unidentified source passed through Binance-Cardoso

Banking

CBN Aims to Bring N2.83 Trillion Cash Back into Banking System by 2028

June 2, 2026

The Central Bank of Nigeria (CBN) has announced plans to significantly reduce the amount of cash circulating outside the formal...

Naira depreciates to N755/$ in the parallel market.

Nigeria’s Foreign Reserves Rise by $551 Million in Three Weeks

May 25, 2026

Nigeria’s external reserves have recorded a notable recovery in May 2026, climbing by approximately $551 million within the first three...

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

Naira Depreciates 0.7% in Official Market Amid Persistent Forex Pressure

May 19, 2026

The Nigerian naira came under renewed pressure last week, weakening by 0.7% in the official foreign exchange market to close...

Naira Strengthens Sharply, Breaches N1,400 Mark as Forex Inflows Surge

May 12, 2026

The Nigerian naira has delivered one of its strongest performances in recent months, breaking below the key psychological level of...

Naira appreciated to N738/$ in the Parallel Market

Business

Nigeria’s FX Market Turnover Hits $10 Billion in April as Naira Strengthens

May 11, 2026

Nigeria’s foreign exchange market recorded improved liquidity in April 2026, with total turnover reaching $10 billion, according to data from...

Naira Strengthens Further Against US Dollar, Approaches N1,350 Level

May 8, 2026

The Nigerian naira continued its recent recovery against the US dollar in the official foreign exchange market on Wednesday, driven...

Naira Weakens as CBN Slashes FX Intervention by 83% in April