Naira Gains in Black Market, Steady at Official Window on Oct 27 The naira opened the week with an appreciation against the U.S. dollar on Monday, October 27, gaining in the parallel market while maintaining stability at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in...

The Central Bank of Nigeria (CBN) has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country.

The shortfall indicates about $6.848 shortfall in oil revenue, the key component of budgetary funding.

Naira Holds Firm in Black Market, Gains at Official Window on Oct 25 The naira held firm against the U.S. dollar on Saturday, October 25, maintaining stability in the parallel market while appreciating at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic...

Medical Tourism Spending Declines by 52% Under President Tinubu - CBN   Nigerians spent about $4.74m on foreign healthcare-related services from May 2023 to March 2025. This is according to the latest Quarterly Statistical Bulletin of the Central Bank of Nigeria, obtained by our correspondent on Wednesday. The...

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...