Nigeria’s net foreign exchange reserves have risen significantly from about three billion dollars to 40 billion dollars, reflecting improved external liquidity and growing investor...
Dangote Petroleum Refinery has shifted its refined petroleum product sales to a dollar-denominated pricing system, ending naira-based transactions previously adopted under the Federal Government’s...
Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains legal tender across the country, warning that individuals, businesses and institutions...
By Mathew Anthony, Market Analyst at FXTM In another positive development for Nigeria, the CBN has proceeded with 50-basis points rate cut. With favourable...
The Naira continued to trade with a significant disparity between Nigeria’s official and parallel foreign exchange markets on Sunday, October 19, raising concerns among...
Central Bank of Nigeria (CBN) has raised alarm over the rising costs of printing and replacing banknotes, warning that widespread abuse of the naira...
The Nigerian naira experienced a significant depreciation against the U.S. dollar from March 28 to April 4, 2025, following the announcement of new tariffs...