Currencies

The Nigerian currency is navigating a complex landscape marked by high geopolitical uncertainty in the Middle East and a phase...

Nigeria’s foreign reserves declined by about $547 million within a 15-day period in March 2026, reflecting renewed pressure on the...

The local currency is currently showing signs of cautious stabilisation against the British pound. The naira settled at N1,837/£1 at...

The Central Bank of Nigeria’s latest reforms on diaspora remittances are set to dismantle long-standing foreign exchange market monopolies while...

The naira depreciated to N1,391/$ on Wednesday as the U.S. dollar strengthened against major global currencies.

The Central Bank of Nigeria (CBN) has approved the full repatriation of export proceeds by International Oil Companies (IOCs), allowing...

The Naira weakened slightly to N1,383.5/$ on Tuesday, compared to N1,383/$ recorded on Monday, amid declining external reserves and cautious...

The Naira is navigating a challenging environment characterized by both new external risks due to geopolitical tensions in the Middle...

The US dollar retreated from multi-month highs this week as rising energy prices disrupted global interest rate expectations.  

The naira extended its gains against the euro in Nigeria's foreign exchange market on Wednesday, March 18, 2026.