Category : Search result: Nigerian forex traders


Naira Rallies to N1,418/$ in Official and Parallel Markets

The Nigerian Naira recorded significant gains against the US Dollar on January 15, 2026, closing at N1,419.28 officially. This rally, driven by improved forex supply and a positive 4.49% GDP forecast, signals growing economic confidence. Read the full ana

Nigerian Communities in NYC: A Detailed Guide

Discover where over 50,000 Nigerians live in New York City. Our guide reveals the top boroughs, key neighbourhoods, and how to connect with the vibrant diaspora community.

Naira Appreciates to N1,419.66 Against US Dollar

The Nigerian Naira strengthens against major currencies, hitting N1,419.66/$1 in NAFEM. CBN's $50m injection and rising FX reserves fuel the recovery. Get the full market analysis.

Naira Appreciates to N1,421 per Dollar

The Nigerian Naira shows mixed performance, appreciating slightly against the US Dollar, British Pound, and Euro in the official market. Experts project 2026 outlook.

Nigerian Albums Turning 10 in 2026: Revisit 2016

As 2026 approaches, we revisit iconic Nigerian albums from 2016 that shaped a pivotal year in Afrobeats. From Burna Boy to Olamide, explore the projects that defined a generation.

Naira Appreciates to N1,429/$1 in Official Market

The Nigerian Naira strengthened against major currencies on January 5, trading at N1,429/$1 officially. Analysts credit CBN interventions and rising reserves for the sustained stability from 2025. Discover the full market analysis.

Traders Lament High Costs at Calabar Festival Village

Vendors at the 20th Calabar Christmas Festival Village report poor sales and tripled stall rents. Traders with 15+ years experience call for government intervention to review fees and improve coordination. #CalabarCarnival #Business

Naira Appreciates by Over N100 Against US Dollar in 2025

The Nigerian naira closed 2025 stronger, appreciating by over N100 against the US dollar. The Central Bank of Nigeria credits rising external reserves and policy reforms for the currency's improved stability. Discover the full market analysis and 2026 pro

Nigerian Arrested in Libya for Child Assault

Tripoli police arrest a Nigerian migrant accused of severely beating a minor. The suspect has been handed over to authorities for prosecution. Read the full report.

Panic as fire guts Arena Market in Lagos

A devastating fire has razed sections of the Arena Market in Oshodi, Lagos, causing massive losses for traders. This comes just a week after the Balogun Market inferno. Read the full report.

Aba Traders Sell Clothes Using Head-Carried Mannequins

Traders in Aba were spotted using a unique sales method: carrying mannequins with displayed clothes on their heads. This innovative practice boosts visibility and mobility in crowded markets. Watch the video and see Nigerian ingenuity in action!

How Nigerians Demonstrate Respect in Daily Life

Explore the intricate cultural protocols of Nigerian respect, from elaborate greetings and honorifics to body language and hospitality. Learn the unspoken rules that govern social cohesion.

Nigeria's Forex Market Expands with Better Access & Liquidity

Nigeria's forex market is rapidly evolving with deeper liquidity, smoother mobile access, and easier funding. Learn what this means for traders in Lagos, Abuja, and Port Harcourt and how to navigate the new conditions for success.

CBN Pumps $150M to Defend Naira Amid Forex Crunch

The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.

Naira Gains Against Dollar, Experts Predict 2026 Rate

The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.

Naira to Trade N1,470-N1,520/$1 in 2026, Say Experts

Economic analysts forecast a stable naira exchange rate in 2026, with the CBN prioritizing market confidence and reduced volatility over aggressive appreciation. Key projections and government expectations revealed.

Nigerian Diaspora: Top Destinations Revealed

Discover which countries host the largest Nigerian populations abroad. We break down the data on UK, US, and Canada, revealing surprising migration shifts and key diaspora hubs.

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