April 07
Nigeria: Naira Settlement for Diaspora Remittances Will Boost Fx Security - Experts
The directive by the Central Bank of Nigeria (CBN) mandating international money transfer operators (IMTOs) to adopt naira settlement for diaspora remittances has been widely… Read more »
March 17
West Africa: Nigeria Records $96bn Virtual Assets, Cryptocurrency Transactions
Nigeria's digital finance ecosystem has recorded about $96 billion in cryptocurrency and virtual asset transactions, the Director-General of the Securities and Exchange Commission,… Read more »
February 10
Nigeria: CBN Pegs Weekly Dollar Purchases By BDCS to $150,000
The Central Bank of Nigeria (CBN) has introduced a new foreign exchange policy permitting licensed Bureau De Change (BDC) operators to purchase United States dollars directly from… Read more »
October 02, 2025
Africa: Naira Ranked 9th Weakest Currency in Africa - Report
The Nigerian Naira has been ranked as the ninth weakest currency in Africa in Forbes' September 2025 currency calculator report, highlighting persistent pressure on the country's… Read more »
September 16, 2025
Nigeria: CBN - Naira Rallies, Reserves Rise to $41.66b As Reforms Gain Spread
The naira sustained its rally last week, closing at N1,500/$1 at the official Nigerian Foreign Exchange Market. The naira rebound is being driven by a combination of stronger… Read more »
September 09, 2025
Nigeria: Naira Appreciates At N1506 Amidst Reduced Fx Pressure
The Nigerian local currency, the naira, appreciated to N1,506 per dollar at the official window even as the nation's foreign reserves reached $41.500 billion. Read more »
August 19, 2025
Nigeria: Equity Investors Gain N65bn As Reserves Hit $40.72, Highest Since June
Equity investors gained about N65 billion as the Nigerian Exchange (NGX) all-share index advanced by seven basis points, reversing negative performance experienced last week. Read more »
July 09, 2025
Nigeria: Customs Intercepts N650m Foreign Currencies At Kano Airport
The Nigerian Customs Service (NCS) Kano/Jigawa Area Command has revealed that men of the service have arrested one Ahmed Salisu who is holding a Ghanaian passport and also… Read more »
June 24, 2025
Nigeria: Nigeria's Foreign Reserves Soar to $38.448b in June - Reps
Niger's foreign exchange reserves rose from $32.9 billion at the end of 2023 to over $38.448 billion in June, 2025, the Chairman, House Committee on National Planning and Economic… Read more »
