The Court of Appeal in Abuja has dismissed an appeal by the Central Bank of Nigeria (CBN) and affirmed a judgment compelling the apex bank to release details of its controversial settlement with MTN Nigeria over allegations of illegal funds repatriation.

Naira Weakens Across Markets on Sept 12 The naira fell further against the US dollar on Friday, September 12, losing ground in both the parallel and official markets. In Abuja’s black market, dealers quoted the naira at ₦1,533/$1 for buying and ₦1,545/$1 for selling, weaker than...

Naira Weakens in Black Market, Gains at Official Window on Sept 10 The naira recorded mixed performance against the US dollar on Wednesday, September 10, depreciating in the parallel market while appreciating at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential...

Naira Falls in Black Market, Gains at Official Window on Sept 9 The naira falls marginally against the US dollar on Tuesday, September 9, depreciating in the parallel market and appreciated at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that...

Naira Appreciates in Black Market on Sept 8 The naira gained marginally against the US dollar on Monday, September 8, appreciating in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,515/$1...

CBN’s Forex Liquidity Push Strengthens Naira’s Stability   The Central Bank of Nigeria’s recent measures have lifted dollar liquidity in the foreign exchange market, raising hopes of a more stable naira. These reforms, coupled with rising inflows, have provided short-term relief, but sustaining the trend will...