The International Monetary Fund has warned that the growing adoption of U.S. dollar-backed stablecoins in Nigeria could reduce demand for
Nigeria’s gross external reserves have climbed above the $50 billion mark, driven by sustained foreign exchange inflows from oil exports,
Nigeria’s diaspora remittance inflows are estimated to have risen to approximately $23 billion in 2025, marking one of the strongest
There was a time when you could hold the entire breadth of Nigeria’s economy in your palm — coins of
Nigeria’s currency moved in opposite directions across its two main foreign-exchange markets, highlighting continued volatility in the country’s exchange-rate system
Jaiz Bank has announced the appointment of Omolara Muinat Ismail as Executive Director, effective February 28, 2026. Prior to her
Guaranty Trust Bank (GTCO) has set the exchange rate for international payments on its naira-denominated cards at ₦1,410 per dollar,
For more than a decade, Nigeria’s electricity crisis has been told as a story of weak distribution companies, politically sensitive
The full enforcement of the cashless payment policy by the Federal Airports Authority of Nigeria (FAAN) began on March 1,
As Nigeria opened the first full trading week of February 2026, the official dollar-to-naira rate remained anchored around ₦1,396–₦1,398 per
At its November 2025 meeting, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria faced a question that
The naira weakened slightly at the official foreign exchange market on Monday, January 20, 2026, while remaining largely stable across
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