Foreign Exchange

Naira Records N33.50 Gain In October As Reserves Hit $43.17bn

The Nigerian Naira recorded a notable gain of N33.50 against the United…

CBN Denies Allocating $1.3bn For Fuel Importation

The Central Bank of Nigeria (CBN) has denied reports that it allocated…

FX Backlog Clearance, Transparency Drive Boost Nigeria’s Reserves — Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the…

External Reserves Hit Six-Year High on Forex Inflows

Nigeria’s gross external reserves have surged to $42 billion, marking their highest…

Ogun MAN Champions Alternative Finance Models to Revive Nigeria’s Manufacturing Sector Amid Economic Strain

In light of Nigeria’s challenging economic climate, George Onafowokan, Chairman of the…

Naira Depreciates to N1,585 per Dollar in Parallel Market Amid Mixed Exchange Rate Movements

The Nigerian naira weakened further in the parallel market on Tuesday, trading…

CBN Governor Assures Global Investors of Nigeria’s Economic Stability Amidst Ongoing Reforms

Nigeria's central bank governor, Olayemi Cardoso, has conveyed a message of assurance…

Nigeria’s Forex Inflows Dip Amidst Shifting Dynamics and Naira Stability

New data released by the Central Bank of Nigeria (CBN) reveals a…

Foreign Reserves Surge to Three-Year High, CBN Reports

Nigeria's net foreign exchange reserves (NFER) have reached a significant milestone, climbing…

Naira-for-Crude Deal Faces Uncertainty Amidst Dangote Refinery’s Global Sourcing

The future of the Federal Government's naira-for-crude oil policy hangs in the…