Naira Strengthens in Black Market, Slips Officially on Nov 14 The naira recorded mixed performance against the U.S. dollar on Friday, November 14, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded...

Senate Demands Full Transparency in Stamp Duty Probe   The Senate has launched a far-reaching investigation into stamp duty collections said to run into trillions of naira, demanding full disclosure from commercial banks, the Central Bank of Nigeria (CBN), the Federal Inland Revenue Service (FIRS), and...

Nigeria Sees 11th Consecutive Month of Economic Growth   Nigeria’s economy expanded for the eleventh consecutive month as Central Bank of Nigeria (CBN) Purchasing Managers’ Index rises to 55.4 index points in October 2025 from 54 index points recorded in the previous month. According to the CBN...

Naira Slides Across Markets on Nov 11 The naira marginally declined against the U.S. dollar on Tuesday, November 11, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,460/$1 for buying...

We must choose our pill carefully. Agriculture was once abandoned for oil, and we paid dearly for importing refined products while neglecting local refineries.

Nigeria has recorded high foreign inflows of $5.15 billion in October 2025, according to data from the FMDQ platform.