Naira Holds at N1,382/$ as Nigeria’s External Reserves Surpass $51 Billion
The Nigerian naira traded largely unchanged at N1,382.33 per US dollar in the Nigerian Foreign Exchange Market (NFEM) on Monday, ...
Tag: Foreign Exchange
Naira Falls to N1,381/$ Despite Nigeria’s FX Reserves Rising to $51.7bn
The naira extended its decline against the US dollar at Nigeria's official foreign exchange market during the week ended Friday, ...
Nigeria’s Foreign Exchange Inflows Fall by Over 20% in June as Market Activity Slows
Nigeria recorded a major drop in foreign exchange inflows in June 2026, with total funds entering the Nigerian Foreign Exchange ...
Dangote Refinery Spent $4.48 Billion on Crude Imports in Two Months, Says Lower Fuel Prices Are Coming
The Dangote Petroleum Refinery has revealed that it spent about $4.48 billion importing crude oil between May and June 2026, purchasing more than 40 ...
Nigeria Secures $1.5 Billion from UAE Bank as Debate Grows Over New Borrowing Strategy
The Federal Government of Nigeria has received the first $1.5 billion from a $5 billion financing agreement arranged with First Abu Dhabi Bank (FAB), the ...
Emir Sanusi Warns ECOWAS Against Risky ECO Currency Launch
Former Central Bank of Nigeria (CBN) Governor Muhammadu Sanusi II has urged West African leaders to postpone the planned launch ...
Sterling Bank Expands Non-Oil Export Drive with Academy, Industry Forum
Sterling Bank Plc has intensified its support for Nigeria's non-oil export sector through a dual initiative combining industry engagement with ...
Naira Weakens Despite Reserves Hitting 17‑Year High
Nigeria’s foreign exchange market remained under pressure last week, with the naira depreciating in the official window even as the ...
United Nigeria Airlines Calls for Support as Costs Squeeze Carriers
United Nigeria Airlines has called for stronger policy support and targeted interventions to help indigenous carriers navigate mounting operational challenges ...
Oil Exports Push Nigeria’s Current Account Surplus to $4.98 Billion
Nigeria recorded a current account surplus of $4.98 billion, underscoring the pivotal role of crude oil exports in supporting the ...
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