…costs and losing profits. Another major challenge is policy inconsistency. Changes in foreign exchange regulations, taxes, and import policies can happen suddenly, making long-term planning difficult. Entrepreneurs can handle difficult policies, but uncertainty makes it difficult to build sustainable businesses. Poor i…

…business environment marked by inflationary pressures, rising operating costs, and foreign exchange volatility. The audited results show that total equity rose from N5.91 billion in 2024 to N11.84 billion in 2025, while share capital increased by 46 per cent to N365.53 million from N249.75 million. The number of issued…

"Organisations hosting data locally would pay in local currency rather than foreign exchange," he said "This would help reduce exposure to exchange rate pressures and lower long-term operating costs," he added. Beyond the financial argument, Adebayo framed local hosting as a matter of national data sovereignty, which h…

The naira ended the week weaker across foreign exchange (FX) market segments amid slowing market liquidity, despite Nigeria’s external reserves

…combating inflation and attracting foreign portfolio investment needed to support foreign exchange liquidity. "A significant portion of capital inflows is coming through portfolio investments because of the attractive interest rate environment," Yusuf said. "Ordinarily, the peace deal should support a slight reduction…

…part of the company's global expansion. The licence allows the company to offer foreign exchange, money transfer, and payment services in Canada through a newly established subsidiary, while also providing regulatory approval to handle virtual currency and digital asset transactions. The approval gives the Nairobi-foun…

…The Naira recorded the highest depreciation against the dollar on Friday at the official foreign exchange market to end the week bearish. The Central Bank of Nigeria’s data showed that the Naira further declined on Friday to N1,370.46 against the dollar, down from N1,363.30 exchanged on Thursday. This means that the Ni…

…businesses was partly offset by a lower gain from Tencent share sales and unrealised foreign exchange losses linked to euro-denominated bonds. Prosus is not escaping Tencent’s shadow overnight. But for the first time, it can point to a portfolio where every major operating ecosystem is profitable.

…climbing to $51.04 billion three days later. The sustained increase reflects stronger foreign exchange inflows and improved liquidity conditions in the country's external sector. More insights Nairametrics had earlier reported that Nigeria's external reserves gained more than $1 billion during the first half of June, e…