Nigeria’s Cashless Revolution and its Distant Destination, by Rahma Olamide Oladosu   It is difficult if not impossible to ignore the buzz surrounding Nigeria’s growing dominance in real-time payments. At a recent digital finance summit, the Central Bank of Nigeria boldly positioned the country’s instant payment...

Again, Naira Strengthens Against Dollar Across Markets The Naira posted fresh gains against the US dollar on Thursday, July 17, appreciating in both the official and parallel foreign exchange markets. In the black market, currency dealers in Abuja told Economic Confidential that the naira was exchanged...

CBN Pumps $4.1bn to Defend Naira Amid Falling Reserves The Central Bank of Nigeria injected a total of $4.1bn into the foreign exchange market in the first half of 2025, a move aimed at stabilising the naira and easing liquidity pressures in the currency market. This...

‎Naira Strengthens Against Dollar Across Markets ‎The Naira continued its appreciation against the US dollar on Wednesday, July 16, strengthening in both the official and parallel markets. ‎In the black market, currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,530/$1 for buying...

Naira Holds Firm Against Dollar Across Markets ‎The Naira remained steady against the US dollar on Monday, July 14, strengthening in both the official and parallel markets. ‎In the black market, currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,535/$1 for buying...

There is a quiet desperation running through Nigeria’s financial system. From the high towers of Marina to the dusty stalls of Wuse Market, people can feel it.