The Nigeria Inter-Bank Settlement System (NIBSS) data has shown that the number of Nigerian bank account owners linked to Bank Verification Number (BVN) hit 66.2 million at the end of July, 2025.

Naira Weakens by 19 Kobo Against Dollar at Official Market   The Naira on Friday closed the week slightly weaker, as it lost 19 kobo against the U.S. dollar at the official market, trading at N1,533.74. Data released on the official website of the Central Bank of...

CBN's Agric Funding Initiative Falls Short of Farmer's Expectations   The National President of the All Farmers Association of Nigeria (AFAN) Kabir Kebram, has described the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme (ABP) as a failed intervention. Speaking on the controversial agricultural financing scheme, Kebram...

Naira Falls Against Dollar in Black Market The naira falls consecutively against the US dollar on Thursday, July 31, mirroring the pace of its appreciation in the parallel market a week earlier. Currency dealers in Abuja told Economic Confidential that due to high demand, the Naira...

Beyond Rebasing, The Nigerian Economy Has Changed By ‘Tope Fasua Well, the world economy has changed in a remarkable manner. The advent of COVID-19 marked a radical shift to the dominance of the digital economy especially. In that era, the uber-rich grew even indeterminably richer, while...

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.