Nigeria's naira reaches a three-year high, driven by dollar hoarders selling off holdings and external reserves climbing to $48.5 billion. Central Bank reforms and strong economic fundamentals boost confidence, narrowing the gap between official and paral
The National Bureau of Statistics reveals Nigeria's capital importation hit $17.78 billion in 2025, with Standard Chartered, Stanbic IBTC, and Citibank topping the list of banks receiving the highest inflows.
A viral video claims Nigeria will replace the naira with the Eco currency in 2027, but officials confirm the Eco's development depends on strict economic criteria, with no announcement to abolish the naira.
Nigeria's naira appreciates sharply, causing dollar hoarders to offload currency at losses. External reserves climb to $48.5 billion, boosting market confidence and narrowing the gap between official and parallel exchange rates.
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The Canadian dollar has crashed below N1,000 against the naira, offering hope for cheaper visa fees and proof-of-funds requirements for Nigerians relocating to Canada. The naira's strong performance is backed by rising foreign reserves and improved market
Abuja Investments Company Limited is undergoing institutional renewal under Minister Nyesom Wike, shifting from passive asset management to active investment stewardship with major global expos.
Former US President Donald Trump announces a temporary 10% global tariff under Section 122 of the Trade Act, lasting 150 days, following the Supreme Court's invalidation of previous emergency duties.
The US Supreme Court has ruled 6-3 that President Trump's global tariffs were unlawful, marking a rare setback for his administration. The decision affects billions in tariffs but leaves some measures intact.
Nigeria's total public debt increased to N153.29 trillion as of September 30, 2025, according to the Debt Management Office, with domestic debt at N81.81 trillion and external debt at N71.47 trillion.
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Brent crude exceeds Nigeria's 2026 budget benchmark, while the naira appreciates below N1,400/$1 and external reserves hit an eight-year high, signaling economic recovery.
The Nigerian naira strengthens sharply to N1,345 per dollar in the parallel market, forcing speculators to offload dollars. The gap with the official rate narrows to just 0.29%, marking a significant convergence.
Nigeria's currency depreciated at the official forex window, closing at ₦1,341.35 per dollar, despite external reserves rising to $48.5 billion. High demand for foreign currency and reduced central bank intervention contributed to the decline.
The Nigerian naira has surged to one of its strongest levels in nearly two years, closing at 1,347.78 per dollar in the official market, driven by improved liquidity and Central Bank interventions.
Nigeria's foreign exchange reserves have surged to $48.5 billion, reaching their highest level in nearly 13 years, providing significant support for the naira and signaling economic strength amid ongoing reforms.
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A Nigerian-Canadian cybersecurity coach expresses conflicted emotions over the naira's appreciation against the Canadian dollar, highlighting impacts on exchange power and life in Nigeria.
Nigeria's debt to the World Bank's International Development Association surged to $18.7 billion, marking an 11.3% annual increase and raising concerns over fiscal sustainability and revenue management.
Nigeria Revenue Service enforces mandatory electronic invoicing for large businesses, with MTN Nigeria as the first to comply. The system aims to enhance tax compliance and digital administration.
Aliko Dangote has urged the federal government to convene a national retreat to address Nigeria's electricity challenges, warning that unstable power supply threatens manufacturing and job creation. He emphasized stronger protection for local industries.
A viral X post sparks intense debate on Nigeria's economy, with users arguing whether budgeting can fix the cost-of-living crisis or if stagnant wages are the real issue, highlighting divergent views on consumer habits and financial realities.
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West African leaders have intensified efforts to launch the long-delayed Eco regional currency, with Nigeria playing a central role in harmonizing monetary policies and meeting strict macroeconomic benchmarks for the ambitious 2027 target.
The Nigerian naira has appreciated significantly, with the dollar exchange rate dropping below N1,400 at the black market. Traders announce new rates amid improved forex supply and rising external reserves.
Billionaire industrialist Aliko Dangote forecasts the Nigerian naira could appreciate to N1,000 against the US dollar by 2026, citing government economic reforms and import restrictions as key drivers.
Ahead of Ramadan, Nigerian markets see sharp increases in staple food prices like rice and beans, with some areas reporting doubled costs, while Lagos and Kano show relative stability.
The Nigerian naira appreciates to ₦1,335.95 per dollar, with external reserves rising to $47.8 billion, boosting market confidence and liquidity across official and parallel markets.
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New NBS data shows Nigeria's inflation fell to 15.10% in January 2026, with Ebonyi, Katsina, and Imo among the top 10 most affordable states to live in based on lowest inflation rates.
New data reveals the top 20 global destinations where Nigerian professionals can secure the highest net monthly salaries in 2026, with Switzerland leading at $7,692 monthly.
The Nigeria Revenue Service has announced a phased rollout of its E-Invoicing and Electronic Fiscal System, with medium-sized businesses required to comply by July 1, 2026.
Nigeria's food inflation fell sharply to 8.89% in January 2026, but CPPE warns prolonged price declines could threaten farmer incomes and rural stability.
Nigeria records its lowest food inflation rate in a decade at 8.89% in January 2026, driven by government policies and a stronger naira, leading to reduced prices for rice and other staples across markets.
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The Central Bank of Nigeria is set to release new operational guidelines for Bureau De Change operators this week, coinciding with the naira's appreciation to N1,390 per dollar in the parallel market, narrowing the exchange rate gap significantly.
