…these is the Guideline on the Administration of Retirement Savings Accounts in Foreign Currency, which provides a framework for Nigerians working in foreign companies and Nigerians working abroad to participate in the CPS,” she said. She explained that the framework would make the pension system more responsive to a gl…

…were designed to reduce multiple exchange rates and improve transparency in the currency market, while the removal of the petrol subsidy was intended to reduce the government’s fiscal burden. The electricity tariff reforms were also aimed at improving the financial viability of the power sector and encouraging investme…

…and sale of money bouquets. Speaking to the media, Head of the Statistics Office at the Currency Management Department of the Bank of Ghana, Dianah Bondzi, warned the public against using Ghana cedi notes and coins for decorative purposes at weddings, birthdays, graduations and other social events. She said the practic…

…manufacturers, and importers relying on foreign exchange for international trade, this currency stability offers much-needed predictability for cost planning. Analysts note that the trajectory of the naira in upcoming trading sessions will hinge on sustained foreign reserve buffers, persistent dollar demand, and broade…

…below offer price, if liquidity dries up, if dividends are delayed or denominated in a currency that ordinary Nigerians cannot easily access—the consequences will extend far beyond individual investors. The Nigerian stock market will be forever haunted by the memory of the people who were told that this time was differ…

…in the report, the margin calls in the case that the value of the asset drops or the currency depreciates,” he said. According to him, Nigeria currently has alternative funding options that may be less complicated and more transparent. Also, global rating agency Fitch Ratings warned that the total return swap financing…

…₦1,762 to the pound, the British price translates to about ₦3,524 per litre. This is a currency conversion, rather than a Nigerian selling price. British motorists face record costsThe increase followed Monday’s breach of the previous record of 199.09p, set in June 2022 after Russia invaded Ukraine.RAC head of policy S…

…“sovereign diversity”, reducing dependence on any one country to hedge policy changes, currency volatility and geopolitical risks.For many, a European residence permit offers a foothold without abandoning operations, staff and investments in Nigeria.Beyond travel, drivers now include education, healthcare, banking opti…

…buying Dangote Cement or an S&P 500 ETF needs different features from someone trading currency pairs every afternoon. If you want a comparison of popular options and what they offer, this rundown of the best trading platform in nigeria is a useful place to begin. Then put any platform you’re considering through the que…

…build solutions that fit into their lives, not the other way round. Trust is the real currency.In payments, people are not just giving you their money; they are giving you their confidence. Reliability, transparency, security and responsiveness matter as much as product features. One public failure can erase years of q…

…by improved dollar liquidity and a sharp rise in interbank FX turnover.The local currency also recorded gains against the British pound and euro, while the gap between the official and street-market dollar rates narrowed further.A new exchange rate emerges as the naira beats major currencies in all markets. Alliance/Co…

…changed hands for as much as ₦1,385 in the parallel market. In the parallel market, currency dealers were buying the dollar at around ₦1,375 and selling it at approximately ₦1,385, according to prevailing Bureau De Change quotations. The figures show a difference of about ₦63.56 per dollar between the reported NFEM rat…

…Tomé and Príncipe, Sierra Leone, Guinea and Madagascar topped the ranking by local currency units per US dollarUganda’s shilling and Ghana’s cedi faced pressure, while depreciation risks raising import costs, consumer prices and foreign-debt burdensPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Pa…

…after leaving office. The record presented in his manifesto includes local and foreign currency savings and investments.“He made education a central development investment.His administration returned mission schools to their original owners and established partnerships with them.His manifesto says Anambra subsequently…

…for Tehran to withstand, with the country facing dwindling channels for securing foreign currency and importing essential goods. The pressure has also severely affected Iran’s oil exports. Iranian crude loadings have fallen to about 260,000 barrels per day this month, from around 1.7 million bpd a year earlier, accordi…

…2, 2026, continuing a run of positive performance that analysts say could mark the currency's best annual showing in nearly a decade.At the Nigerian Foreign Exchange Market (NFEM), the naira appreciated by N2.74, or 0.21%, against the dollar to close at N1,326.69 per dollar, compared with N1,329.43 recorded in the prev…

…industry, as airlines sell tickets in naira while their biggest expenses are in foreign currency. He said this mismatch forces airlines to absorb significant losses. “How many of you would take a loan of 30% to invest in a business that gives you less than 5% profit? That is a pressing issue for airlines in Africa, spe…

…and 2025, with annual investment rising to N1.33tn in 2025. However, high inflation, currency depreciation and rising costs have eroded household purchasing power, leaving manufacturers with rising inventories and weak demand. More than 100 manufacturing companies have shut down over the past decade. Read Here: https:/…

…said the victims were subsequently coerced into online fraud, romance scams and cryptocurrency-related crimes targeting people in other countries. He said NAPTIP was strengthening intelligence gathering and international cooperation to identify digital recruitment pipelines and dismantle transnational trafficking netwo…

…billion operating profit was driven by a combination of organic business performance, currency gains and proceeds from the disposal of non-core assets. The strong earnings performance comes as PZ Cussons Nigeria continues to strengthen its balance sheet while focusing on profitable growth and operational efficiency in…

…example of funds moved from a local government account to a company and then into cryptocurrency wallets, saying such trends informed the need for proactive action. He noted that public officials were now stealing funds and moving them into crypto wallets within 24 hours, often through young people, making recovery dif…

…on the foreign exchange market and potentially undermine efforts to stabilise the currency.Banks still sitting on huge liquidityDespite the aggressive mop-up, liquidity in the banking system remained substantial.Opening balances held by banks and discount houses increased from N169.55 billion on August 26 to N223.89 bi…

…earning revenues largely in naira is emerging as a major threat to shareholder value, as currency depreciation can wipe out otherwise strong operating performances, a new report by Chapel Hill Denham, has warned. The investment research firm said the biggest risk facing investors in Nigerian, and […] The post Dollar lo…

…streak amid improved foreign exchange liquidity and rising investor confidence.The local currency closed at N1,337.28 per dollar in the official foreign exchange market, strengthening further as increased dollar supply continued to support trading conditions.Good news for importers, dealers and others as naira sustains…

…from stable to positive while affirming the country’s B3 long-term foreign and local currency issuer ratings. Positive outlook, the agency said, reflected improvements in Nigeria’s external position and stronger-than-expected economic growth, which, if sustained, could improve the country’s ability to absorb external s…