Naira Strengthens Across Markets on Oct 23 The naira appreciated against the U.S. dollar on Thursday, October 23, recording gains in both the parallel market and at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,485/$1...

In spite of fluctuation in oil price, Nigeria’s external reserves surged to $42.696 billion last week, and the market anticipates additional inflows to lift the balance this week.

Naira Steadies in Black Market, Gains at Official Window on Oct 21 The naira retained its strength against the U.S. dollar on Tuesday, October 21, at the parallel market, while appreciating at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that...

Naira Slides in Black Market, Steady at Official Window on Oct 20 The naira marginally declined against the U.S. dollar on Monday, October 20, at the parallel market, while it retained its strength at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic...

The Central Bank of Nigeria (CBN) will on Wednesday, October 22, 2025, conduct its Treasury Bills (T-Bills) Primary Market Auction (PMA), where a total of N650 billion worth of maturing bills will be rolled over.

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that Nigeria has attracted over $8 billion in new energy investments.