Currencies

Naira Weakens to N1,331.69 at Official Window as Parallel Market Eases

October 8, 2026

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Currencies

NEC Affirms CBN $3 Billion Loan for Naira Stability

Banking

CBN Establishes New Compliance Department to Tackle Financial Risks

September 5, 2025

On September 5, 2025, the Central Bank of Nigeria (CBN) unveiled its newly formed Compliance Department, a pivotal move to...

Naira appreciated to N738/$ in the Parallel Market

Naira Stabilizes as Chinese Traders Embrace Yuan Transactions, P2P Platforms Gain Traction

September 3, 2025

The naira has maintained relative stability in recent weeks, driven by Nigeria’s currency swap agreement with China and the rise...

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Rebound Driven by Oil, Remittances, and FX Backlog Clearance, Says FG

September 1, 2025

Nigeria’s naira has staged a remarkable recovery, gaining 15.28% to reach N1,525 per dollar by August 2025, up from a...

CBN Introduces New ATM Withdrawal Charges, Scraps Free Withdrawals at Other Banks

Nigerians Lose Millions to Failed USSD Transactions, Threatening Financial Inclusion

August 29, 2025

Nigerians are grappling with unexpected losses from failed Unstructured Supplementary Service Data (USSD) transactions, as banks and telecom operators shift...

CBN Unveils Customers’ Bill of Rights to Boost Banking Trust and Inclusion

August 25, 2025

The Central Bank of Nigeria (CBN) has launched a Customers’ Bill of Rights to enhance protections for over 66.23 million...

Nigeria’s Foreign Reserves Hit $41 Billion, Highest in Nearly Four Years

August 22, 2025

Nigeria’s foreign exchange reserves have surged to $41 billion, the highest level in 44 months, according to new data published...

Naira Scarcity Grips Nigeria Despite Central Bank’s Assurances

Naira Weakens Slightly to N1,533.67/$ as External Reserves Grow

August 19, 2025

The naira opened the week on a softer note, trading at N1,533.67 per dollar at the Nigerian Foreign Exchange Market...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Weakens to N1,560/$1 as Forex Traders Cite Diversion and Demand Pressures

August 18, 2025

The naira depreciated to N1,560/$1 in the parallel market by mid-August 2025, down from N1,540/$1 at July’s end, widening the...

Naira Shows Mixed Performance Amid Rising Forex Demand

August 11, 2025

The naira exhibited a mixed performance last week, with a slight 0.01% appreciation in the Nigerian Foreign Exchange Market (NFEM),...

Naira appreciates to N765/$ in the parallel market.

Nigerian Firms Rebound Strongly in 2025 After Naira Devaluation Losses