…in the naira's favour, with the rate falling N3.58 to N1,538.43 per euro. At GTBank's forex counter, the naira improved by N5 against the dollar to close at N1,338, though it remained flat at N1,375 in the parallel market.Naira Eyes Best Annual Performance Since 2018According to analyst projections cited by Bloomberg,…

…N1,343.32, follows significant reforms by the Central Bank of Nigeria aimed at boosting forex liquidity. This remarkable shift not only showcases the naira's resilience but also raises hopes for stability in a market that has long faced volatility, inviting readers to explore the implications for households grappling w…

…on Thursday to close at N1,338.58, according to a report by MarketForces Africa.Rising forex supply supports currencyThe latest gains come as Nigeria's foreign exchange market benefits from stronger dollar availability.Improved liquidity can reduce pressure on the Naira by making more foreign currency available to busi…

Nigeria's FX demand dropped 35.23% in April, totalling $3.42 billion, according to CBN dataNaira appreciated by 1.38%, reaching N1,361.22 per dollar amid reduced FX trading activityNigeria recorded a stronger net FX inflow of $5.85 billion despite lower overall inflows in AprilPAY ATTENTION: Find it fast with our new s…

Nigeria’s foreign exchange reserves have climbed above $52.5 billion, reaching their highest level in 17 years, the Central Bank of Nigeria (CBN) has announced. The apex bank also disclosed that headline inflation moderated from 15.91 per cent in June to 15.43 per cent in July 2026, with both food and core inflation re…

The naira climbed to its strongest level since April 2026 on Monday, driven by a CBN policy shift on bank borrowing accessInterbank FX turnover surged by over 265% to $437.53 million, the highest single-day volume recorded since July 22, 2026Nigeria's external reserves reached $52.25 billion as of August 13, 2026, thei…

…Black market (Buying and selling rates): N1,410— N1,420 The Nigerian naira appreciated against the United States (US) dollar, trading at N1,349.5372 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Monday, August 17, 2026.Contents…Black market (Buying and selling rates): N1,410— N1,420 The…

…a report, by the Manufacturers ‘ Association of Nigeria (MAN), revealed that sourcing forex was a major issue for the manufacturers, in the second half of 2026. The post Foreign exchange, huge concern for manufacturers in Q2, 2026 —Report appeared first on Tribune Online.

…It identified the challenges as “a fiscally unsustainable fuel subsidy regime, an opaque forex system that discouraged investment, a non-performing oil sector, and a tax base ‘far below its potential’.” The revenue authority said the initial impact of the reforms created significant economic difficulties but maintained…

…as committed to his non religion belief as ever.Legit.ng recently published Habby Forex's net worth and biography. Habby Forex's net worth has not been published by any official financial source like Forbes, but various unverified online sources estimate he is worth between $5 million and $10 million. He is among Niger…

The Central Bank of Nigeria uncovered foreign exchange regulatory breaches by some authorised dealers after conducting a routine examination of 34 institutions, according to its 2025 Annual Report and Statement of Accounts. The review, which covered activities between 1 April 2024 and 31 March 2025, assessed compliance…

Cassi from BBNaija is an Abia State-born entrepreneur, actor, realtor, model, and forex trader. Driven by his business acumen, ambition, go-getter attitude, and a determination to rise above a challenging chapter in his life, Cassi possesses all the attributes of the Big Brother Naija Season 11 winner.Cassi (Ezenwoke N…

…Black market (Buying and selling rates): N1,405— N1,415 The Nigerian naira appreciated against the United States (US) dollar, trading at N1,362.0866 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Friday, July 24, 2026. The data shared on the CBN’s official platform shows that the naira t…

…refining expenses. The post Dangote Refinery ramps up fuel exports as crude shortages, forex squeeze bite appeared first on Vanguard News.

The CBN has issued new regulatory guidance directing BDC operators on how they must handle foreign exchange purchased through the NFEMThe apex bank warned that BDCs holding onto unutilised FX beyond the approved utilisation period risk forfeiture and suspension of market accessThe apex bank also launched a centralised …

By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate slowed Month-on-Month (MoM) by 0.02 percentage point to 15.91 percent in June 2026 from 15.93 percent in May. The decline is coming after a three consecutive months rise in headline inflation rate since March 2026. How…

…Why did he sponsor the "Occupy Nigeria" protests to torpedo it in 2012? Take also the forex regime. In the eight years that President Buhari pegged naira's exchange rate, Tinubu didn't once speak against the policy, even though Nigeria was heavily haemorrhaging foreign exchange through forex arbitrage. Why? Of course,…

"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…