…performance has been supported primarily by domestic macroeconomic reforms, improved foreign exchange liquidity and renewed investor confidence. by Linda Ikeji at 10/07/2026 7:33 AM | Share this Story

…equity market in dollar terms this year, buoyed by macroeconomic reforms, improved foreign exchange liquidity and renewed investor confidence. According to a Bloomberg report yesterday, Nigeria's benchmark stock index has returned 67 percent in dollar terms since the beginning of the year. The performance edged South K…

…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…

…N1,425/$ Nigeria's currency, the naira, is coming under renewed pressure in the parallel foreign exchange (FX) market as seasonal demand for dollars for summer travel, overseas school fees and business trips gathers momentum, widening the gap with the official exchange rate. Data collated from currency dealers showed t…

…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…

…didn't once speak against the policy, even though Nigeria was heavily haemorrhaging foreign exchange through forex arbitrage. Why? Of course, Tinubu was right to remove the fuel subsidy and scrap the fixed exchange rate, but those decisions were, respectively, twelve years and eight years too late. Had Tinubu not mobil…

…across Africa that local refining has become increasingly critical to energy security, foreign exchange conservation, and industrial development. For decades, despite producing millions of barrels of crude oil daily, Africa has remained heavily dependent on imported refined petroleum products because of inadequate refi…

GistReel The Nigerian naira traded at ₦1,372.96 per United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, July 8, 2026, according to official market data. At the parallel market, commonly referred to as the black market, the dollar exchanged at approximately ₦1,400 per dollar for buying and…

…returned to profitability and accelerated debt repayment after weathering the impact of foreign exchange volatility and elevated borrowing costs in 2025. Finance cost is the total cost a company incurs for borrowing money or financing its operations. It is reported in the income statement and reduces a company's profit…

…last weekend. Likewise, the naira depreciated to N1,371 per dollar in the Nigerian Foreign Exchange 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…

…on Monday, appreciating by N1.92 against the United States dollar at the official foreign exchange market. Data published on the Central Bank of Nigeria's official website showed the currency closed at N1,368.26 per dollar on Monday. The latest performance represented a 0.14 per cent appreciation compared with Friday's…

…central bank may buy, sell, import, export, transfer, hold, and refine. Beyond gold and foreign exchange, the law permits the regulator to deal in gold coins, bullion, silver, platinum, and other precious metals under terms it determines. The legislation also authorises the central bank to provide training and capacity…

…across Africa still often means routing payments through correspondent banks, delays, foreign exchange (FX) costs, and fees that can reach double digits. Ryan Kirkley, co-founder and chief executive officer of Global Settlement Network (GSX), a US-based blockchain infrastructure company, believes those inefficiencies a…

…paper manufacturing firm, Charbel Kairouz, said manufacturers continue to grapple with foreign exchange constraints for importing essential raw materials, while unstable electricity supply further raises production costs. According to him, expanding the local availability of industrial raw materials would significantly…

…reforms, including the removal of the petrol subsidy and the liberalisation of the foreign exchange market, both of which contributed to sharp increases in inflation and the cost of living. The World Bank has consistently maintained that the reforms are necessary to restore macroeconomic stability and place public fina…

…cold-chain logistics and export infrastructure could reduce imports, conserve foreign exchange, create more than 500,000 jobs and position Nigeria as a leading exporter of fisheries products. Dangote stated this in Lagos while speaking at the recent Second Quarter 2026 Citizens' and Stakeholders' Engagement of the Fede…

…increase infrastructure development, and reduce capital flight. It will also reduce foreign exchange pressures because organisations will no longer need to spend as much on offshore hosting services. The policy will drive competition among data centre operators and encourage them to improve their infrastructure, securi…

…against the United States dollar on Thursday, July 2, 2026, across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as the gap between both segments remained narrow. According to live foreign exchange data, the official NFEM exchange rate stood at approximately ₦1,374.18 per US dollar on Th…

…dollar on Tuesday. Similarly, the naira appreciated to N1,369 per dollar in the Nigerian Foreign Exchange Market, NFEM. 6. The Federal Government's reduction in vehicle import levies has officially taken effect, offering hope of lower vehicle prices while prompting auto dealers to seek clarity on the newly introduced G…

…dollar on Tuesday. Similarly, the naira appreciated to N1,369 per dollar in the Nigerian Foreign Exchange Market, NFEM . Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,369 per dollar from N1,376 per dollar on Tuesday, indicating N7 appreciation for the nai…

…to play. While commercial banks are expected to finance large corporates, participate in foreign exchange markets and offer a broad range of banking services, MFBs are specialised lenders focused on mobilising deposits and extending credit to households and small businesses. The licence limits how fintechs can use cust…

…amid the apex bank's longstanding restrictions on BDC operators' access to the official foreign exchange market, reflecting concerns over compliance standards and previous abuses within the segment. Market analysts say the development further underscores the CBN's preference for a bank-led foreign exchange distribution…

…after four days of decline The Naira appreciated against the dollar at the official foreign exchange market on Monday to begin the week on a good note. The Central Bank of Nigeria’s data showed that the Naira strengthened on Monday to N1,369.11 against the dollar, compared to N1,370.46 traded on Friday last week. This…

…domestic gas processing projects, prioritise local LPG supply and facilitate access to foreign exchange for critical imports where necessary. "NMDPRA will deploy technology to track product movement, develop a tariff regulatory framework to promote fair pricing and leverage expanded private sector investments in LPG st…