…public. “Every reasonable person wants to see lower interest rates. We have seen stable exchange rates, and inflation has hovered around 15 per cent for six months. But the committee will determine whether this is the right time to ease policy. I don’t have access to the information they have, so I will wait for them t…

…have been subjected to relentless hardship. They were told that fuel subsidy removal, exchange rate unification, higher taxes and rising tariffs were bitter pills that would eventually restore economic stability. Yet today, the same government cannot explain how more than ₦210 billion found its way into duplicated and…

…foreign reserves stood at $51.92 billion as of July 16th, 2026. Dollar to Naira Exchange Rate Today, July 17, 2026: Nigerian Naira continues appreciation against US currency

…of at least €1,048 per month (approximately N1.65 million based on current official exchange rates).Proof of valid health insurance.A signed parental consent form if the applicant is under the age of 18.4. Prepare for the relocationWith the visa approved, the next step is planning the move. Trainees must book their fli…

…growth, and shared prosperity,” he explained. “The administration inherited multiple exchange rates, fuel subsidy distortions, weak public finances, and an inefficient tax system that imposed heavy compliance costs on businesses,” Oyedele said. He continued, “We chose reform over postponement because delaying difficult…

…introduced by the Bola Tinubu administration, including the removal of petrol subsidy, exchange rate liberalisation, tighter monetary policy and tax reforms. According to the Bank, the reforms have begun to improve macroeconomic indicators. Economic growth increased from 3.5 per cent in the first half of 2024 to 3.9 pe…

…economic reforms over the past three years, including the removal of petrol subsidies, exchange rate unification and comprehensive tax reforms, noting that the next phase was ensuring that Nigerians experienced their benefits. “We want to move from reform to results,” he said. The minister acknowledged that the reforms…

…in naira.This mismatch, coupled with international crude price volatility and domestic exchange rate fluctuations, left the refinery highly exposed to currency risks.By shifting sales to USD, the refinery aligns its revenue streams with the currency required to secure its raw crude supplies.The transition is expected t…

…but noted that its overall impact would depend on other economic factors, including exchange rates. NAN recalls that the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi, announced the revised import duties while defending the service’s 2026 budget proposal before the House of Representatives Co…

…a second term to consolidate ongoing reforms, noting that the removal of fuel subsidy, exchange rate unification and other economic policies had increased government revenue, improved investor confidence and boosted federal allocations to states. “Leadership is not about perfection; it is about progress. The journey of…

…stability against the United States dollar on Thursday, July 9, 2026, with the 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 re…

…school fees and business trips gathers momentum, widening the gap with the official exchange rate. Data collated from currency dealers showed the naira, which strengthened to about N1,370/$ in February 2026, depreciated to N1,425/$ on Thursday, representing a loss of N55 or 3.86 percent. Consequently, the spread betwee…

…continued premium paid by buyers sourcing foreign currency outside the official market. Exchange rates in both the official and parallel markets fluctuate daily based on foreign exchange supply, demand, market liquidity, and broader economic conditions. As a result, the rates offered by banks, bureaux de change, and st…

…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 narrowed to N21 per dollar from N26 per dollar on Tuesday. The interbank turnover at NFEM rose sharply by 398…

…But why? Well, because Tinubu's removal of the fuel subsidy and scrapping of the fixed exchange rates hurt the Northern elite, which, for years, benefitted from the distorted subsidy and exchange-rate regimes. The North also hated his "sensible" decentralisation" agenda and "meritocratic" Yoruba-dominated appointments.…

…aimed at boosting liquidity in the official market and promoting a more transparent exchange rate system. Analysts say investors 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 f…

…recent economic reforms, such as ending the fuel subsidy and tackling multiple exchange rates, are essential steps to combat corruption and ensure economic survival. He emphasised that Africa possesses enormous potential and must move beyond endless conversations about development to practical actions that drive indust…

…his teenage years: the freedom to build a career that stretches beyond one country. Exchange rate as of 2018: €1 = ₦429.6; €1 = $1.18. Exchange rate as of 2026: €1 = $1.14. What did you think of this edition, and what would you love to read next on Digital Nomads? Share your thoughts and ideas with us here. True scale…

…Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market rose slightly to N1,371 per dollar from N1,370 per dollar last weekend, indicating N1 depreciation for the naira. Consequently, the margin between the parallel and official markets widened to N29 per dollar…

…at N1,383.62 to the dollar on Monday, June 29, marking the week's opening official exchange rate. The local currency strengthened further on Tuesday, June 30, closing at N1,379.68 against the dollar in the official market. Momentum continued on Wednesday, July 1, with the exchange rate improving to N1,372.40 per dollar…

…addition to reduce exposure to imported raw materials, but stressed that the prevailing exchange rate remains too high to support competitive industrial production. Ajayi-Kadir warned that although AfCFTA offers Nigerian manufacturers access to a wider continental market, the country risks losing out to competitors ope…

…the package was intended to support the Federal Government's ongoing reforms, including exchange rate reforms, fiscal consolidation, and measures aimed at strengthening public finances. The World Bank data showed that the RESET programme has been fully disbursed, while the ARMOR programme had recorded disbursements of…

…Mr Udoka Umeaku, said the increase was driven mainly by supply shortages rather than exchange rate fluctuations. "A 30kg sack of stockfish head now sells for about N500,000, compared to N385,000 around December last year. "From January until February, we were still selling at N385,000 before the price moved to N420,000…

…while Nigerians had been subjected to economic reforms, including fuel subsidy removal, exchange rate adjustments and high interest rates, significant public funds were allegedly being spent outside official budgetary processes. The former vice president maintained that greater fiscal transparency could have provided r…

…segments remained narrow. According to live foreign exchange data, the official NFEM exchange rate stood at approximately ₦1,374.18 per US dollar on Thursday morning. The rate reflects transactions in Nigeria’s official foreign exchange market and is based on the volume-weighted average of completed trades. In the para…