Naira Slides Against Dollar Across Markets on Jan 21 The naira declined marginally against the U.S. dollar on Wednesday, January 21, in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,490/$1...

The Central Bank of Nigeria's (CBN) latest quarterly statistical bulletin reveals a 0.88% month-on-month increase and a 57.56% year-on-year growth compared to June 2024.

Naira Reverses Gain at Black Market, Steady at Official Window on Jan 19 The naira weakened against the U.S. dollar on Monday, January 19, in the parallel market, reversing the gains recorded on Friday, while remaining stable at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers...

Nigerians withdrew N36.34 trillion from Automated Teller Machines (ATMs) between January and June 2025, a 197.66% increase from the same period in 2024.

Naira Appreciates Across Markets on Jan 16 The naira strengthened against the U.S. dollar on Friday, January 16, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,480/$1 for buying and...

20 Banks Meet Capital Requirement Ahead of Recapitalisation Deadline   The Central Bank of Nigeria (CBN) has said that about 20 deposit money banks have already met the new capital requirements under the ongoing banking recapitalisation programme, as the apex bank shifts focus toward ensuring that...