Money Market News
External Reserves Climb Above $54 Billion, Highest Level in 18 Years
Nigeria’s external reserves crossed the $54 billion mark on 3 August 2026, reaching their highest level in 18 years. Central...
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Global Bond Yields Climb, Pushing Up Fixed Mortgage Rates in Canada
Bond yields are rising sharply around the world, with some government borrowing costs reaching levels not seen in years. The...
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Naira Strengthens to N1,315 per Dollar at Official Market
The naira rose to N1,315 against the US dollar on Thursday in the official foreign exchange market. Data from the...
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SEC Proposes N3 Billion Minimum Capital for Forex Brokers, N5 Billion for Trading Platforms
The Securities and Exchange Commission has proposed a new regulatory framework for online forex trading and Contracts for Difference, setting...
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Dollar Strengthens on Rate-Hike Bets as Yen Slips Past 160
The US dollar advanced on Tuesday as renewed attacks in the Gulf sparked a global bond selloff and revived inflation...
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Official FX Turnover Drops 48.7% to $2.71 Billion in One Week
Foreign exchange turnover at Nigeria’s official market fell sharply by 48.7 per cent week-on-week to $2.71 billion in the week...
Read moreNaira Holds Near Flat in Parallel Market as Official FX Turnover Rises to $1.06 Billion
The naira traded at N1,400 to the dollar in the parallel market on Friday, softening by N3 from the N1,397...
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CBN Lowers 364-Day T-Bill Rate to 17.15% Despite N3.63 Trillion in Bids
The Central Bank of Nigeria reduced the stop rate on the 364-day treasury bill by 44 basis points to 17.15...
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eNaira Accounts for Less Than 1% of Circulating Currency
31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
Abuja BDC Operators Suspend Operations Due to Dollar Scarcity
Dangote Refinery Expansion to 1.4 Million Barrels Per Day Expected to Create 95,000 Jobs
House of Representatives Recovers N521.77 Million Unremitted VAT from CBN
