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After two bruising years marked by currency volatility, steep foreign exchange losses, and surging finance costs, Nigeria’s biggest listed companies are not just returning to profitability — they are …
MTN, Dangote, others post strong cash flows on Naira stability Read MoreThe naira stabilised across both official and parallel markets on Tuesday, signaling growing investor confidence in Nigeria’s monetary policy reforms and improved foreign exchange market mechanisms. The local currency closed at N1,534.21 …
Naira steadies across markets as CBN reforms narrow exchange rate gap Read More
The naira began the new trading week with mixed sentiments across Nigeria’s foreign exchange markets, reflecting lingering volatility and evolving policy impacts. While the official exchange rate showed marginal …
Mixed fortune for naira as reserves rise, dollar liquidity spur parallel market Read More
Amid rising uncertainty and anxiety in Nigeria’s currency trading sector, licensed Bureau De Change (BDC) operators under the umbrella of the Association of Bureau De Change Operators of Nigeria (ABCON) …
BDCs eye mergers as CBN recapitalidation deadline threatens survival Read MoreThe naira appreciated to N1,565 per dollar in the parallel market on Thursday, up from N1,580/$1 on Wednesday, marking its strongest performance in the week amid broad support for the …
Naira strengthens to N1,565/$1 as IMF backs CBN’s monetary policy Read More
Wilmar International, the Singapore-listed agribusiness, plans to boost its palm oil business in Nigeria, wooed by policies that have helped stabilise the naira and bolstered the availability of US dollars …
Wilmar expands in Nigeria as currency crisis ebbs Read More
The Nigerian naira fell to a new low, trading between N2,135 and N2,150 against the British pound sterling in the parallel market, as the UK currency surged to a multi-month …
Naira hits N2,150/£ amid global uncertainty, BoE decision ahead Read More
The Nigerian naira continued its modest but steady recovery in the foreign exchange market on Thursday, strengthening to N1,605 per U.S. dollar in the parallel market — up from N1,610/$1 …
Naira sustains gain at parallel market amid forex reforms Read More
The naira experienced a massive jump against the dollar, trading at N1,579 per dollar at the weekend. This is as the British pound rose to a new high amid massive …
Naira, British pound strengthen, traders dump dollars Read More
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) has convicted and sentenced one Okoli Frank Emeka to six months imprisonment for mutilation of the Naira …
Lagos: Man gets six months jail terms for Naira abuse Read More
Africa Soft Power, a pan-African movement designed to accelerate the continent’s development by leveraging its creative, knowledge, and digital economies, is set to host the fourth edition of its flagship …
ASP summit 4.0 to focus on money, innovation, global opportunity in Kenya Read MoreNigeria’s embattled corporate sector is showing strong signs of recovery amid easing foreign exchange pressures, with new data revealing a dramatic reduction in forex-related losses in the first quarter of …
Naira stability sparks corporate turnaround as FX pressure eases Read More
Local currency, the naira appreciated 200 kobo to N1598/$ on Monday from the N1600/$ it stood Sunday. This reflects the current rate at which individuals are trading dollars for naira …
Naira gains 200 kobo at parallel market Read More
The Federal High Court in Abuja has turned down the request to stop the Central Bank of Nigeria (CBN) from using the e-naira trade mark for the growth of the …
Bid to stop CBN from using e-naira trade mark turns down by court Read MoreEfforts of the Central Bank of Nigeria (CBN) are yielding results as the naira stabilised at N1600 at the foreign exchange (forex) market during the week. Exchange rate volatility reduced …
Naira strengthens to N1600/$ on CBN’s intervention Read More
The Economic and Financial Crimes Commission, (EFCC), has released popular Lagos socialite, Emeka Okonkwo, aka E-Money. E-Money regained his freedom on Tuesday evening. The businessman and socialite was picked up …
‘Naira abuse’: E-Money speaks after release from EFCC custody Read More
Justice Akintayo Aluko of the Federal High Court in Ikoyi, Lagos, has ordered the remand of Nigerian musician Terry Alexander Ejeh at a Correctover allegations bordering on Naira mutilation. Popularly …
Court remands Terry Apala, one other over Naira mutilation Read More
The Economic and Financial Crimes Commission (EFCC) has issued a strong warning to Bureau De Change (BDC) operators, business stakeholders, and travelers, emphasizing the urgent need to comply with Nigeria’s …
EFCC warns BDC operators, business community against cash smuggling Read More
Nigeria’s broad money supply (M3) surged to N114.22 trillion in March 2025, marking a 24 per cent year-on-year increase from N92.19 trillion recorded in the same month of 2024, according …
Nigeria’s money supply soars to N114.22trn Read MoreThe Nigerian naira showed remarkable resilience against the euro on Monday, even as the European currency surged aggressively against the U.S. dollar in international markets. On the unofficial market, the …
Naira holds steady against Euro despite global currency turmoil Read MoreJustice Akintayo Aluko of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, convicted and sentenced a businessman, Aniogor Godswill Obiajulu and his company, ICE BY CW, to 5years …
Lagos businessman bags 5-year sentence for rejecting naira as legal lender Read More
Relief may have come the way of Nigerians as the Federal Executive Council (FEC) Wednesday directed the full implementation of the suspended Naira-for-Crude agreement, aimed at encouraging local refining and …
Nigeria: Relief as FG orders full implementation of naira-for-crude deal Read MoreThe Nigerian naira demonstrated renewed strength in the first quarter of 2025, as a series of bold monetary reforms and increased investor confidence helped the local currency claw back losses …
2025: Naira strengthens in first quarter amid CBN reforms, investors’ confidence Read MoreThe Nigerian naira continues to hover below the N1,550 per dollar mark in the unofficial market, as strong demand for the U.S. dollar persists. Despite the Central Bank of Nigeria’s …
Naira struggles below N1,550/$ amidst forex market uncertainty Read More
The Central Bank of Nigeria (CBN) has dismissed claims that it introduced N5,000 and N10,000 banknotes to facilitate cash transactions, describing the report as false. In a statement posted on …
CBN speaks on ‘introducing N5,000, N10,000 banknotes’ Read More