Tag: Foreign Exchange

Nigeria’s ambition to significantly boost domestic wheat production and reduce its dependence on costly imports has encountered a major setback, ...

Nigeria’s foreign reserves have reached their highest level in 17 years, signaling stronger confidence in the economy and reflecting the ...

The Nigerian naira weakened to N1,400 per U.S. dollar in the parallel market, highlighting persistent pressure on the country's foreign ...

Nigeria’s food and beverage imports declined to N1.39 trillion in the first quarter of 2026, signaling a shift in consumption ...

The Federal Government has unveiled a $1 billion funding initiative aimed at strengthening Nigeria’s export sector and helping businesses capitalize ...

Nigeria recorded a dramatic decline in petrol import spending during the first quarter of 2026, signaling a major shift in ...

Nigeria’s spending on petrol imports dropped dramatically in the first quarter of 2026, highlighting a major shift in the country’s ...

Nigeria’s foreign exchange reserves recorded a significant increase in the first week of June, surpassing the $50 billion mark and ...

Nigeria’s currency, the naira, recorded a slight decline against the United States dollar at the official foreign exchange market on ...

Nigerian banks could face penalties of up to N100 million for breaches of foreign exchange (forex) regulations as authorities move ...