Despite Nigeria producing over 443 million barrels of crude between January and October 2025, local refiners continue to face shortages as most of the output is exported.
Naira Falls Against Dollar Across Markets on Feb 2
The naira reversed recent gains against the U.S. dollar on Monday, February 2, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM).
Currency dealers in Abuja told Economic Confidential that the naira traded at...
Inflation, the Naira, and the Everyday Nigerian Reality
By Obamodi Oluwadamilola Faith
You do not need an economics degree to grasp Nigeria’s inflation crisis. A walk through any market offers a clearer lesson than a classroom. Prices change almost daily, traders struggle to explain the increases,...
Naira Appreciates with ₦25.33 Gain Across Markets on Jan 30
The naira extended its rally for the fourth time in January, strengthening against the U.S. dollar on Friday, January 30, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM).
Currency dealers in Abuja...
Naira Hits N1,396.99/$, Breaks N1,400 Barrier
Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency.
Data from the Central Bank of Nigeria show that the...
Businesses Suffer as FG's Domestic Loans Hit N9trn
The Federal Government’s domestic borrowings from financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public and private sector access to credit, according to data obtained from the Central Bank of...
