FX market
Naira Stability and Rising Reserves: How Nigeria’s FX Reforms Impact Citizens
Nigeria’s recent foreign exchange (FX) reforms are beginning to show tangible effects, with increased stability in the naira and a significant rise in...
CBN Vows Crackdown as Naira Sees Minor Dip Amid Market Scrutiny
In a firm stance against market irregularities, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has reiterated the apex bank’s unwavering commitment to...
Naira Strengthens as CBN’s Dollar Injections Surge, Offering Fleeting Relief
In a notable shift, the Nigerian naira experienced a welcome, albeit potentially temporary, appreciation in the official foreign exchange (FX) market on Monday....
Illicit Demand, Not Supply, Cripples Naira – Taiwo Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has delivered a stark assessment of the Nigerian naira’s...
Nigeria’s Foreign Exchange Inflows Reach $57 Billion by August 2024, Says CBN
Nigeria’s foreign exchange (FX) inflows reached an impressive $57 billion by August 2024, according to a report from the Central Bank of Nigeria...
CBN Introduces Electronic Foreign Exchange Matching System to Enhance FX Market Transparency
The Central Bank of Nigeria (CBN) has announced the launch of the Electronic Foreign Exchange Matching System (EFEMS), a new initiative designed to...