Deutsche Bank has added Nigeria to its frontier foreign exchange monitor, signalling growing investor interest in the naira as the
Nigeria’s net foreign reserves have risen to $46 billion, while gross foreign reserves now stand at an all-time high $55
The naira weakened marginally against the US dollar at the Nigerian Foreign Exchange Market (NFEM), with the official exchange rate
The Naira could appreciate to about N1,290 against the U.S. dollar before the end of 2026 if current macroeconomic conditions
Daily card-payment FX rates from GTBank and Stanbic IBTC show a sharp rise in retail dollar pricing in late April
Nigeria’s naira traded mixed across foreign exchange markets on Tuesday, with the currency weakening to ₦1,383/$1at the official window while
Nigeria’s banks are showing the first signs of upward pressure after a period of stability, with Guaranty Trust Bank (GTBank)
The Nigerian naira recorded a mild depreciation at the official market, while remaining unchanged across key parallel market segments, reflecting
Nigeria’s banks are signalling a new phase of stability in FX pricing, with international card rates now converging around the
After weeks of steady declines, Nigeria’s banks have paused FX rate adjustments for international card payments, suggesting a potential short-term
Nigeria’s banks are continuing to lower foreign exchange rates for international card payments, with GTBank and Stanbic IBTC reaching their
Nigeria’s banks are continuing to lower foreign exchange rates for international card payments, with GTBank and Stanbic IBTC recording their
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