Money Market

NAFEM Turnover Climbs to $1.41 Billion, Highest Level in Five Weeks

August 19, 2026

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Money Market

NEC Affirms CBN $3 Billion Loan for Naira Stability

Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day

by Stephen Akudike

July 24, 2026

The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded...

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions

July 22, 2026

The naira appreciated against the US dollar on Tuesday, July 21, 2026, closing at N1,375.3083 per dollar in the official...

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

CBN Repays N2.97 Trillion in Maturing OMO Bills After Raising N2.54 Trillion in Fresh Auction

July 15, 2026

The Central Bank of Nigeria (CBN) repaid N2.97 trillion in Open Market Operations (OMO) bills that matured on Tuesday, July...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

NGX Rebounds with N719 Billion Gain as FirstHoldCo and MTN Nigeria Spark Recovery

July 15, 2026

The Nigerian equities market reversed two consecutive sessions of losses on Tuesday, adding N719 billion to total market capitalisation as...

Naira depreciates to N755/$ in the parallel market.

Naira Remains Steady at N1,382/$ in Official Market While Parallel Rate Gap Widens

July 13, 2026

The Nigerian naira traded with little movement in the official foreign exchange market on Monday, closing at N1,382.33 per US...

CBN Raises N1.06 Trillion at July 8 Treasury Bills Auction, Lifts One-Year Rate to 17.70%

July 10, 2026

The Central Bank of Nigeria (CBN) successfully raised N1.06 trillion through its Treasury Bills auction on Wednesday, July 8, 2026,...

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

Economy

Nigeria’s $51 Billion Reserves at Risk from Volatile Capital and Oil Reliance – EBC

by Victoria Attah

July 10, 2026

Global financial services firm EBC Financial Group has warned that Nigeria’s foreign reserves, which recently surpassed the $51 billion mark,...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

FX Market Turnover Surges to $3.05 Billion, Highest in Three Months

by Victoria Attah

July 8, 2026

Nigeria’s foreign exchange market posted its strongest weekly performance in over three months, with total turnover reaching $3.053 billion in...

Naira Maintains Stability Around N1,370 as Reserves Climb

July 6, 2026

The Nigerian naira has demonstrated remarkable resilience in 2026, trading within a relatively narrow range and holding steady around N1,370...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

FX Market Liquidity Strengthens Significantly as Daily Turnover Nears $1 Billion