The Central Bank of Nigeria (CBN) has disclosed that it is finalising a revised foreign exchange (forex) manual, as part of its broader reforms to strengthen transparency, deepen market participation, and restore confidence in the naira.

Naira Weakens Across Markets as FX Pressures Persist on Dec 1 The naira weakened slightly against the U.S. dollar on Monday, December 1, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded...

The Federal Government says new economic indicators released by the Central Bank of Nigeria (CBN) confirm that the country’s economic recovery is strengthening and gathering real momentum.

When a Currency Loses Its Dignity: A Lesson From Kano, by Zekeri Idakwo Laruba In my many visits to the ancient city, I discovered that Kano never stops surprising you. As one of Nigeria’s biggest and oldest commercial hubs, it operates like a nation within...

CBN: Showing Confidence, Priortising Stability with MPR Decision, by Rahma Olamide Oladosu   For the first time in many years, Nigeria’s monetary policy environment is showing a coherence that cannot be mistaken for chance. The decision of the Monetary Policy Committee to retain the Monetary Policy...

MAN Urges CBN to Slash Interest Rates to Ease Borrowing Costs The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria to further reduce interest rates to ease the rising cost of borrowing, which continues to stifle production and erode competitiveness in the...