Nigeria’s currency began 2026 with improved stability at the official window, supported by Central Bank reforms, stronger external reserves, and
President Bola Tinubu has approved a significant internal reallocation of authority within Nigeria’s finance architecture, transferring several core responsibilities from
The Central Bank of Nigeria, CBN, and the Bank of Angola have signed a Memorandum of Understanding (MoU) aimed at
The naira continued its downward trajectory on Tuesday, depreciating to N1,493.2 per dollar in the official market following the Central
The naira appreciated against the US dollar, with the Central Bank of Nigeria (CBN) reporting a spot rate of N1,529.71
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, held a strategic meeting today with Central
The Central Bank of Nigeria (CBN) has issued a directive temporarily suspending the payment of dividends, bonuses, and foreign investments
Nigeria’s Letter of Credit (LC) transactions for international trade surged by 3.7% year-on-year in the first four months of 2025,
Nigeria today stands at an economic crossroads, not unlike Brazil in the mid-1990s or India in the early 2000s. Both
The naira eased to N1,500 per dollar in the black market on February 28, 2025, giving up some of the
Nigeria’s foreign reserves have been on a downward trajectory for 33 consecutive days. According to data compiled by Bloomberg, the
The Bode Agusto report on the Nigerian economy in 2025 provides a nuanced assessment of the critical role foreign exchange
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