September 06, 2023
Nigeria: Exclusive - BDC Operator, Sambo, Reveals How He Was Caught in House Committee's Extortion Scheme
Businessman Sambo says he was deceived into receiving illicit payments in his account. Read more »
August 29, 2023
Nigeria: Naira Depreciates On I&e Window
Naira fell at the official market on Tuesday to trade at N775.34 per dollar Read more »
August 22, 2023
Nigeria: JP Morgan Confirms Nigeria's Forex Reserves Lower Than Estimated
"Net FX reserves are significantly lower than previously estimated," the firm said in its Africa Emerging Markets Research dated 17 August. Read more »
August 16, 2023
Nigeria: NNPCL Secures $3 Billion Afrexim Bank Loan to Support Govt, Stabilise Forex Rates
The loan is also expected to help stabilise the foreign exchange market, enable authorities to meet forex demand, and improve the value of the Nigerian currency. Read more »
August 14, 2023
Nigeria: How to Address Nigeria's Forex Crisis - Agora Policy
The goal is to ensure that FX adjustments reflect the trends in the balance of payments in a credible manner over the near and medium term," the think-tank said. Read more »
August 11, 2023
Nigeria: Naira Hits All-Time Low At Black Market
The Naira plunged to an all-time low at the parallel market on Thursday but clinched a slight gain at the spot market segment. Read more »
August 10, 2023
Nigeria: Naira Plunges At Forex Markets
The naira recorded a 3.3 per cent decline on Wednesday to close at N782.38 per dollar. Read more »
August 02, 2023
Nigeria: Naira Slips At Official Market
The naira recorded a 4.3 per cent decline on Tuesday to close at N789.13 per $1 Read more »
July 26, 2023
Nigeria: Naira Strengthens At I&E Window, Closes At N791.42
The naira gains marginally on the spot market on Tuesday, closing at N791.42 to a dollar. Read more »
July 06, 2023
Nigeria: Nigeria's U.S.$/Naira Rate Could Plummet to 1,000 Without Capital Injection
International investors will continue to wait in the wings for a capital injection from the Central Bank of Nigeria (CBN) to fund foreign exchange demand of around $1.5 billion. Read more »
July 04, 2023
Nigeria: Fitch Places Ecobank Rating On Negative Watch As Naira Devaluation Weighs
Ecobank Nigeria is particularly susceptible on account of the elevated risk around the capital from its huge impaired loans that are denominated in foreign currency. Read more »
June 28, 2023
Nigeria: Nigeria Tops Brazil, France, Others As Most Crypto-Savvy Country - Report
The researchers polled a representative sample of over 15,000 people across several countries, including Nigeria, between April and May. Read more »
June 16, 2023
Nigeria: Naira Extend Losses At I&E Window
Naira weakened further on the official market to trade at N702.19 per $1 on Thursday. Read more »
June 14, 2023
Nigeria: CBN Announces Unification of Forex Windows, Stops Naira4dollar Scheme
The apex bank stopped the RT200 programme and the naira4dollar remittance scheme effective 30 June Read more »
Nigeria: Naira Records Biggest Fall As Nigeria Eyes Monetary Policy Reset
Naira touched an all-time low at the official market to trade at N664.04 per $1 on Wednesday Read more »
June 09, 2023
Nigeria: 'Daily Trust' and the Controversy Over the Naira's Value
In truth, devaluation has not solved any problem in Nigeria as far as I know. Read more »
May 18, 2023
Nigeria: Naira Depreciates Further At Official Market
Naira extended losses on the spot market to trade at N465.13 per $1 on Wednesday amidst rising debt profile. Read more »
April 26, 2023
Nigeria: Transcorp's Quarterly Profit Down By 63% Amid Forex Scarcity
The corporation incurred N2.4 billion in foreign exchange loss on borrowings Read more »
April 21, 2023
Nigeria: Naira Slips At Official Window
Naira fell on the official market to trade at N463.67 per $1 on Thursday. Read more »
April 15, 2023
Nigeria: Nigeria's Cash Crisis Driving Digital Transactions to All-Time High
The scarcity is driving Nigerians in droves to sign up for digital and electronic banking services Read more »
March 13, 2023
Nigeria: It Is Illegal to Reject Old Naira Notes - Lagos Governor
Mr Sanwo-Olu urges business owners and government agencies to accept the old naira notes in accordance with the court ruling. Read more »
March 04, 2023
Nigeria: CPPE Hails Supreme Court's Ruling On Old Notes
CPPE said the supreme court ruling protects the citizens from a "draconian" policy Read more »
February 20, 2023
Nigeria: Falana Writes CBN, Requests Information On New Naira Notes
Mr Falana sought the information on new naira notes in response to CBN's claim that politicians were mopping up the new naira notes released into circulation. Read more »
Nigeria: Govt Using CBN Naira Policy to Go After Criminals - Ezekwesili
"But there's a second thing that we seem to be solving for which has now taken ascendancy over the monetary policy. We are using the central bank to solve the problem of… Read more »
February 17, 2023
Nigeria: Currency Crisis - Rioters Block Lagos-Ibadan Expressway As Protest Rocks Lagos
The rioters, who are raining curses on the Nigerian government, said the currency crisis currently rocking the country is biting harder. Read more »