The Central Bank of Nigeria (CBN) has released a landmark report on the country’s fintech sector, positioning Nigeria as a continental leader in digital finance while outlining the reforms needed to sustain innovation, inclusion, and integrity.

Despite Nigeria producing over 443 million barrels of crude between January and October 2025, local refiners continue to face shortages as most of the output is exported.

Naira Falls Against Dollar Across Markets on Feb 2 The naira reversed recent gains against the U.S. dollar on Monday, February 2, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at...

Inflation, the Naira, and the Everyday Nigerian Reality By Obamodi Oluwadamilola Faith You do not need an economics degree to grasp Nigeria’s inflation crisis. A walk through any market offers a clearer lesson than a classroom. Prices change almost daily, traders struggle to explain the increases,...

Naira Appreciates with ₦25.33 Gain Across Markets on Jan 30 The naira extended its rally for the fourth time in January, strengthening against the U.S. dollar on Friday, January 30, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja...

Naira Hits N1,396.99/$, Breaks N1,400 Barrier   Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency. Data from the Central Bank of Nigeria show that the...