Currencies

Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks

by Stephen Akudike

March 17, 2026

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Currencies

CBN Reaffirms Plan to Phase Out Old Naira Notes Gradually

During the recent Monetary Policy Committee (MPC) meeting held at the CBN headquarters in Abuja, the Central Bank of Nigeria...

China’s State Banks Engage in Offshore Dollar Sales to Curb Yuan Declines.

In the early hours of Thursday, major state-owned banks in China were observed engaging in dollar selling to purchase yuan...

Widening Gap After Exchange Rate Unification: I&E Window vs. Parallel Market Rate.

The recent unification of the exchange rate in Nigeria aimed to close the gap between the Investors and Exporters (I&E)...

Business

CBN to Release Full List of Licensed Bureau De Change Operators

The Central Bank of Nigeria (CBN) has announced that it will be releasing the complete list of licensed Bureau De...

Nigeria’s Economy at Risk: UK’s Naira Deal Sparks Liability Concerns and Sky-High Interest Rates

Britain to add Nigeria’s naira to list of accepted trade currencies.

In a move signaling its commitment to bolstering trade ties with Nigeria, Britain's export finance agency has announced the inclusion...

Naira-Dollar Exchange Rate Plummets to Lowest Ever at N803/$1

The exchange rate between the Nigerian Naira and the United States Dollar fell to N803/$1 at the investor and exporter...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Banking

CBN Instructs Banks to Provide Naira Payouts for Diaspora Remittance Beneficiaries

by Stephen Akudike

The Central Bank of Nigeria (CBN) has introduced the Naira as a payout option for recipients of proceeds from international...

BDC Operators Call for Increased Participation in Nigeria’s Foreign Exchange Market.

Bureau de Change (BDC) operators in Nigeria are advocating for greater involvement in the foreign exchange market to ensure the...

Banking

GTBank Launches Groundbreaking Forex Product, Disrupting Black Market.

In a move set to revolutionize the foreign exchange market, GTCO, the parent company of GTBank, has launched a new...

Analyzing Nigeria’s Money Supply: Money Supply drops, as currency in circulation rises by 6.32%