…restrictions on access to the Discount Window arising from participation in the Nigerian Foreign Exchange Market, NFEM and primary auctions of government securities. The apex bank further said the suspension of tenored Repurchase (Repo) transactions has been lifted. The CBN noted that the review takes effect immediatel…

…to implement. He highlighted the removal of fuel subsidy, the unification of the foreign exchange market, efforts to improve government revenue, increased infrastructure investment, policies aimed at attracting local and foreign investors, the expansion of the student loan programme, renewed emphasis on agriculture and…

…implemented by the Tinubu administration since 2023. The presidency noted that its foreign exchange market reforms introduced in 2023 had positively impacted the country’s stock market. “One of these significant reforms was the unification of the foreign exchange market. “By establishing a single, market-determined exc…

…improved macroeconomic stability, easing inflation and increased confidence in the foreign exchange market. According to her, headline inflation declined marginally from 15.93 per cent in May to 15.91 per cent in June 2026, while both food and core inflation also moderated during the period, supported by disciplined mo…

…performance, expressing concern over the rising cost of living and fluctuations in the foreign exchange market. “Now, how many people can take three square meals a day? How much were we buying fuel for before? How much is it now? They said they have stabilised the exchange rate… from how much to how much? And it will g…

The naira appreciated against the dollar at the official foreign exchange market on Monday, beginning the week and the new month of August on a positive note. Data from the Central Bank of Nigeria showed that the naira strengthened to N1,364.83 per dollar on Monday, up from N1,368.22 per dollar recorded on Friday. This…

…sales, designed to provide Nigeria with dollar liquidity to defend the naira and support foreign exchange market stability amid the sharp currency volatility that followed the administration’s unification of exchange rate windows. The refinancing under Project Gazelle 2 extends and restructures that facility on improve…

…missed Forbes’ ranking, Nigeria’s naira finished July with a modest gain in the official foreign exchange market.Data released by the Central Bank of Nigeria (CBN) showed the local currency appreciated by N4.19 against the US dollar during the month. The naira closed at N1,368.22/$1 on the final trading day of July, re…

The naira recorded its fifth consecutive day of depreciation at the official foreign exchange market, ending the week on a negative note. Data from the Central Bank of Nigeria showed that the naira weakened to N1,368.22 per dollar on Friday, down from N1,366.73 on Thursday. This means that, on a day-to-day basis, the n…

…recent reforms, including exchange rate unification, improved transparency in the foreign exchange market and tighter monetary policy, saying the measures had strengthened external buffers and restored investor confidence.

…data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,362.0866 per dollar and closed at N1,361.0000 per dollar. The currency, which traded at an NFEM rate of N1,367.7574 on Thursday, July 23, 2026, appreciated by at least N5.67 after trading act…

…enhance security in agricultural and industrial communities, and stabilise the foreign exchange market,” Ajayi-Kadir stated. Meanwhile, Ajayi-Kadir noted that the association remained committed to pursuing policies that would enhance industrial competitiveness despite economic headwinds in the first half of the year. H…

The Nigerian naira extended its appreciation against the US dollar at the official foreign exchange market on Thursday. Data from the Central Bank of Nigeria,CBN showed that the naira strengthened further to N1,367.76 per dollar on Thursday, up from N1,369.64 per dollar recorded at the official foreign exchange market…

Nigeria's foreign exchange market recorded a massive single-day turnover of $1.5bn on TuesdayThe naira strengthened against the dollar in both the official and parallel markets as liquidity improved sharply across FX segmentsCBN Governor Olayemi Cardoso credited ongoing reforms for pushing Nigeria's net foreign reserve…

The naira appreciated at the official foreign exchange market on Monday ahead of the Central Bank of Nigeria’s, CBN Monetary Policy Committee, MPC, interest rate decision. CBN data showed that the naira gained slightly to N1,380.10 per dollar on Monday from N1,380.18 per dollar recorded last Friday. This means that at…

…De Change (BDC) operators to return any foreign exchange purchased through the Nigerian Foreign Exchange Market (NFEM) that remains unused within 24 hours of the expiry of the approved utilisation period.The CBN has prohibited BDCs from retaining unutilised foreign exchange Photo: AFP>The order is contained in the apex…

…Naira on Friday continued appreciating against the United States dollar at the official foreign exchange market to end the week on a good note. The Central Bank of Nigeria’s data showed that the Naira strengthened further on Friday to N1,380.19 per dollar from N1,381.53 exchanged on Thursday. This means that the Naira…

…citizens are being matched by fiscal discipline. Oyedele said inflation was easing, the foreign exchange market was functioning more efficiently and investor interest was returning, ‘ but acknowledged that macroeconomic stability alone would not be enough. “A stable economy can still be a stagnant one if we become comp…

…external reserves, restored investor confidence, improved the functioning of the foreign exchange market, and placed inflation back on a downward trajectory despite global uncertainties.” He, however, stressed that macroeconomic stability alone would not raise living standards unless it was accompanied by higher produc…

…of the framework and support sustained liquidity in the retail segment of the foreign exchange market. To facilitate the implementation of the guidelines, the CBN announced an electronic portal to enhance interaction between BDC operators and the Nigerian Foreign Exchange Market (NFEM). The apex bank warned that failur…

…fixed-income securities amid elevated interest rates and improving confidence in the foreign exchange market. Data from the capital importation report released by the National Bureau of Statistics showed that bond investments accounted for 32.71 per cent of the $9.86bn portfolio investments recorded during the quarter…

…official exchange rate standing at approximately ₦1,373.99 per dollar at the Nigerian Foreign Exchange Market (NFEM). Recent figures from the official market indicate that the local currency has continued to trade within a narrow range in recent days, as traders and investors closely monitor foreign exchange liquidity…

…naira, however, remained largely stable in the official market. Data from the Nigerian Foreign Exchange Market (NFEM) showed the local currency closed at N1,378.43/$ on Thursday, a marginal 64 kobo appreciation from N1,379.07/$ on Wednesday. The highest bid rate during the trading session was N1,380/$. Despite the pres…

…traded at approximately ₦1,373.99 per United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Thursday, July 9, 2026, according to the latest available market data. Data from the official foreign exchange market showed the naira continuing to trade within a relatively stable range in recent sess…

…per dollar on Tuesday. But the naira was stable at N1,379 per dollar in the Nigerian Foreign Exchange Market (NFEM), as data from the Central Bank of Nigeria (CBN) showed that the indicative exchange rate remained unchanged at N1,379 per dollar. Consequently, the margin between the parallel and official markets narrowe…