Nigeria’s FX Market Turnover Hits $10 Billion in April as Naira Strengthens
Nigeria’s foreign exchange market recorded improved liquidity in April 2026, with total turnover reaching $10 billion, according to data from ...
Tag: CBN
Naira Strengthens Further Against US Dollar, Approaches N1,350 Level
The Nigerian naira continued its recent recovery against the US dollar in the official foreign exchange market on Wednesday, driven ...
NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline
The Nigerian Exchange (NGX) came under significant selling pressure on Tuesday, May 6, 2026, as investors booked profits on major ...
Naira Weakens as CBN Slashes FX Intervention by 83% in April
The Nigerian naira came under mild pressure at the official foreign exchange market on Tuesday, closing at N1,366.56 per US ...
Naira Posts First April Appreciation as it hits ₦1,374/$ Since NAFEX Era
The Nigerian naira recorded a month-on-month gain in April 2026, marking its first positive April performance since the introduction of ...
CBN Plans N700 Billion Treasury Bills Auction on May 7
The Central Bank of Nigeria (CBN) will auction N700 billion worth of Nigerian Treasury Bills (NTBs) on May 7, 2026, ...
Naira Weakness Pushes Foreign Currency Taxes to N6.33 Trillion in 2025
Nigeria’s tax receipts denominated in foreign currency rose sharply to N6.33 trillion in 2025, representing a 27.3% increase from N4.97 ...
CBN Maintains Restrictions on BDC Access to Official Forex Market Over Compliance Concerns
The Central Bank of Nigeria (CBN) has sustained its tight restrictions on Bureau De Change (BDC) operators’ access to the ...
Naira Drops to Three-Week Low at ₦1,361.5 per Dollar Amid Persistent FX Pressure
The Nigerian naira weakened to its lowest level in three weeks on Friday, as foreign exchange market pressures continued to ...
Nigeria’s External Reserves Drop by $731 Million in Early April
Nigeria’s foreign exchange reserves came under renewed pressure in April 2026, declining by approximately $731 million within the first three ...
