Tag
FOREIGN EXCHANGE
Nigeria’s current account surplus is projected to widen to $8.69 billion in the third quarter of 2026 from $7.54 billion recorded in the second quarter, the Financial Markets Dealers Association (FMDA) has said, citing lower import demand and persistently elevated crude oil prices.
FCA-regulated provider says same-day settlement and dual-market expertise can ease costs, delays and compliance headaches for businesses moving...
Nigeria's foreign exchange market recorded a sharp pullback in trading activity in the week ended October 2, 2026, with total turnover across.
Nigeria’s foreign exchange market recorded a rebound in trading activity in the week ended September 25, 2026, with total turnover rising...
Turnover on the Nigerian Foreign Exchange Market (NFEM) fell 17.7% week-on-week to $2.25 billion in the week ended September 25, 2026, extending the market’s decline for a second consecutive week.
The Federal Government has commissioned a 581kWp interconnected solar mini-grid with a 1.4MW battery storage system in Oke-Oyi Community, Ilorin East Local Government Area of Kwara State.
The naira has strengthened steadily against the US dollar in recent weeks, with experts attributing the rebound to bold policy reforms, shifting consumer behavior, improved oil production, and renewed confidence in the foreign exchange (FX) market.
The Central Bank of Nigeria (CBN) has announced plans to pursue civil, administrative, or criminal sanctions against parties...
Trillions of dollars are traded daily on the global foreign exchange (FX) market, making it one of the largest and most liquid financial markets worldwide.
Nigeria recorded a current account surplus of $5.14 billion, or 11.46% of GDP, in Q2 2024, representing a significant improvement from the $3.38 billion (7.35% of GDP) surplus reported in the previous quarter.
The Central Bank of Nigeria (CBN) announced it sold $543.5 million to authorized dealer banks between September 6 and September 30.
Stanbic IBTC Plc, the Nigerian unit of Standard Bank Group Ltd., expects the proposed windfall tax on foreign exchange gains to have a minimal effect, consuming only a modest portion of 10% of its profits.