Court Jails Two BDC Operators Five Years Over Unlicensed Forex Business
A Federal High Court in Abuja on Monday, 7 September 2026, sentenced two Bureau De Change (BDC) operators to five ...
Tag: Forex
Naira Strengthens to ₦1,337/$ as Reserves Hit 17-Year High
Nigeria’s naira strengthened over the week to close at about ₦1,337 per dollar at the Nigerian Foreign Exchange Market (NFEM) ...
Nigeria’s Foreign Reserves Hit $53bn, Nearing 17-Year High
Nigeria’s foreign exchange reserves have climbed above the $53 billion mark for the first time in more than 17 years, ...
Naira Gains Strength as Reserves Hit 17-Year High
Nigeria’s foreign exchange market is showing signs of increased stability as the naira continues to strengthen and the gap between ...
Naira-Dollar Gap Narrows to ₦40 as FX Turnover Rises
Nigeria’s naira-dollar exchange-rate gap narrowed to about ₦40 per dollar on August 14, as the local currency remained relatively stable ...
Naira Falls to ₦1,364.83 as Nigeria FX Market Remains Calm
The Nigerian naira weakened modestly against the US dollar on Friday, August 14, but remained relatively stable as foreign-exchange trading ...
Naira Holds Steady Officially as Parallel-Market Premium Widens
The naira remained broadly stable in Nigeria’s official foreign exchange market at the start of August, even as a sizeable ...
Naira Holds Steady as Central Bank Defends Exchange Rate
The Nigerian naira remained relatively stable against the US dollar during the first half of the week, trading around N1,361 ...
FX Stability Boosted as Nigeria’s Reserves Rise to $46.11bn
Nigeria’s gross external reserves have risen to $46.11 billion, marking the highest level in almost eight years and positioning the ...
Naira Struggles as Parallel Market Dollar Rate Surges
On Thursday, January 22, 2026, the Nigerian naira continued its precarious dance with the US dollar, reflecting persistent volatility in ...
