…and businesses are closely monitoring foreign exchange inflows, crude oil earnings, and monetary policy decisions, as these factors continue to shape the naira’s performance. Exchange Rates for July 8, 2026 Official NFEM rate: ₦1,372.96 per US dollar Parallel market buying rate: Around ₦1,400 per US dollar Parallel mar…

…to safeguard financial stability, improve banking oversight, and modernise the country’s monetary policy framework,” Ruto said in a statement on Monday. True scale demands moving beyond surface-level integrations to robust execution. We've filtered the noise out of Moonshot 2026, optimising the conference strictly for…

…outside the formal budget framework, warning that the practice complicates fiscal and monetary policy coordination, weakens oversight and transparency, and obscures the true size of Nigeria's fiscal deficit. The Fund, however, noted that the Federal Government had begun taking corrective measures, including revising bu…

Nigeria’s foreign exchange reforms have restored the effectiveness of monetary policy after years of distortions under a multiple exchange rate

…for lower interest rates. He noted that several central banks have already begun easing monetary policy and suggested that the CBN could eventually follow suit. "If the CBN does not reduce rates at its next meeting, it may decide to maintain them before considering a cut subsequently. Once the CBN begins lowering rates…