Naira Gains Against Dollar Across Markets on Dec 22 The naira strengthened against the U.S. dollar on Monday, December 22, 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...

Naira Weakens Against Dollar Across Markets on Dec 19 The naira depreciated against the U.S. dollar on Friday, December 19, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,490/$1 for...

The Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc.

As Nigeria navigates major reforms across various sectors of its economy, the country has had to adapt to the current realities.

Naira Stables Across Markets on Dec 15 The naira maintained its strength against the U.S. dollar on Monday, December 15, 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...

The Central Bank of Nigeria (CBN) is set to raise a total of N825 billion from the domestic debt market in the final round of sovereign issuances for 2025.