Currencies

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

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

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

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

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...

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

Nigeria’s 2023 naira float triggered a steep currency devaluation, plummeting from N460/$1 in June 2023 to N1,535/$1 by December 2024,...

The Nigerian naira weakened to N1,565/$1 in the parallel market on July 31, 2025, reflecting heightened volatility amid rising demand...

Nigeria’s exchange rate revenue plummeted by 73% in the first half of 2025, dropping to N589.45 billion from N2.199 trillion...

The Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.50% is expected to sustain...