Currencies
Naira Gains Strength as IMTOs Halt Remittance Diversion, Oil Firms Boost Dollar Supply
The naira has seen improved stability in recent weeks, driven by increased dollar supply from oil companies and a halt...
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Naira Reaches Highest Level Since March, Breaking the N1,500/$ Barrier
The Nigerian naira has surged to its highest value against the U.S. dollar since March 2025, settling at N1,500.91 in...
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Naira Strengthens to N1,527/$1 in Parallel Market, Best Since July 2025
The Nigerian naira recorded a notable recovery in the parallel market on Monday, appreciating to N1,527 per dollar, its strongest...
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CBN Establishes New Compliance Department to Tackle Financial Risks
On September 5, 2025, the Central Bank of Nigeria (CBN) unveiled its newly formed Compliance Department, a pivotal move to...
Read moreNaira Stabilizes as Chinese Traders Embrace Yuan Transactions, P2P Platforms Gain Traction
The naira has maintained relative stability in recent weeks, driven by Nigeria’s currency swap agreement with China and the rise...
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Naira Rebound Driven by Oil, Remittances, and FX Backlog Clearance, Says FG
Nigeria’s naira has staged a remarkable recovery, gaining 15.28% to reach N1,525 per dollar by August 2025, up from a...
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Nigerians Lose Millions to Failed USSD Transactions, Threatening Financial Inclusion
Nigerians are grappling with unexpected losses from failed Unstructured Supplementary Service Data (USSD) transactions, as banks and telecom operators shift...
Read moreCBN Unveils Customers’ Bill of Rights to Boost Banking Trust and Inclusion
The Central Bank of Nigeria (CBN) has launched a Customers’ Bill of Rights to enhance protections for over 66.23 million...
Read moreNigeria’s Foreign Reserves Hit $41 Billion, Highest in Nearly Four Years
Nigeria’s foreign exchange reserves have surged to $41 billion, the highest level in 44 months, according to new data published...
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Naira Weakens Slightly to N1,533.67/$ as External Reserves Grow
The naira opened the week on a softer note, trading at N1,533.67 per dollar at the Nigerian Foreign Exchange Market...
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