Currencies
Dangote Group Secures $105.33 Million in CBN’s Latest FX Auction
The Dangote Group has emerged as a significant player in the latest Retail Dutch Auction conducted by the Central Bank...
Read more
Net FX Flows Surge to $25.4 Billion in First Half of 2024, Says CBN
The Central Bank of Nigeria (CBN) has reported a significant increase in net foreign exchange (FX) flows into the country,...
Read more
Naira Strengthens Amid CBN’s Dollar Injection as Official and Parallel Markets React
The Nigerian naira has experienced a significant strengthening in the official foreign exchange market, marking three consecutive days of appreciation....
Read moreCBN Conducts $876 Million Auction to Bolster Naira, Drops 12-Month Forex Policy
The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the naira by auctioning $876.26 million to...
Read more
Foreign Exchange Inflows Surge by 55% in First Half of 2024, Reaching $25.4 Billion
The Central Bank of Nigeria (CBN) has announced a remarkable 55% increase in net foreign exchange (FX) inflows, which reached...
Read more
Naira Strengthens for Third Day, Closes at N1,596.52/$1 on Wednesday
The Nigerian naira appreciated for the third consecutive day, closing at N1,596.52/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM)...
Read more
Nigeria to Issue $500 Million USD Bonds, Aims for 200% Subscription
The Federal Government of Nigeria has unveiled its Series I Domestic USD Bond, aiming to raise a minimum of $500...
Read more
Naira Appreciates to N1,585 Against Dollar in Parallel Market
The Nigerian Naira showed a significant improvement against the US dollar in the parallel market on Tuesday, appreciating to N1,585...
Read more
Naira Devaluation Boosts Nigeria’s ID4D Project by ₦8.6 Billion
The devaluation of the Naira in 2023 resulted in a significant foreign exchange gain of ₦8.6 billion for Nigeria’s Identification...
Read more
Nigerian Banks See Surge of 136 Trillion in Customer Deposits in Q1 2024
The Nigerian banking sector has experienced a significant boost in customer deposits, reflecting renewed confidence in the industry during the...
Read more
Popular Story
Naira Opens New Trading Week with Slight Depreciation in Official Market
Exchange rate falls at the NAFEX window as Nigeria’s external reserve dips $1 billion
Nigeria’s Money Supply Declines for the First Time in 2025, Drops to N110.32 Trillion
investors Gain N65bn As Stock Market Hits Four-Month High
Abuja BDC Operators Suspend Operations Due to Dollar Scarcity
