…remain an important buffer for Nigeria’s external obligations and foreign exchange market stability.Naira climbs amid increase in Nigeria's external reserves. Alliance/ContributorImagesWith the Naira gaining for a second consecutive week and reserves climbing above $53 billion, the latest data offers a cautiously posit…

…including petroleum sector reforms that ended fuel scarcity, greater foreign exchange market stability, increased foreign reserves, local government autonomy, police reforms, the Nigerian Education Loan Fund (NELFUND), tax reforms, and extensive road infrastructure projects across the country and the Federal Capital Te…

…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 improved terms, reflecting…

…out despite strong rally in July. ImagesWhile Nigeria's naira showed signs of improving market stability in July, its exclusion from the list underscores the challenges that remain in achieving the level of currency strength enjoyed by Africa's top-performing economies. Continued reforms, stronger foreign exchange infl…

…respectively. As part of efforts to improve access to foreign exchange while maintaining market stability, the CBN in May introduced a partial relaxation of its cashless policy on Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) under the revised Foreign Exchange Manual, which took effect on June 1,…

…with producers, marketers and other stakeholders to sustain supply and enhance market stability. According to the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, marketers have also been urged to increase import volumes to complement domestic production. The minister said the recent price adjustme…