Naira Gains Against Dollar in Both Official, Black Markets ‎The naira appreciated by ₦15.33 against the US dollar across both the official and parallel markets on Monday, June 2, reflecting ongoing volatility in Nigeria’s foreign exchange landscape. ‎In the black market, currency traders in Abuja told...

The Nigerian economy has been on a rollercoaster ride for the past two years. Citizens, businesses and foreign investors have barely stayed afloat. The economic struggles have left many wondering about its stability and eventual growth especially with President Bola Ahmed Tinubu's ambitious $1 trillion economy drive.

‎Naira Gains Against Dollar in Both Official, Parallel Markets ‎The naira appreciated by ₦5.33 against the US dollar across both the official and parallel markets on Saturday, May 31, reflecting ongoing volatility in Nigeria’s foreign exchange environment. ‎In the black market, traders in Abuja told Economic...

Moody’s Upgrades Nigeria’s Rating to B3, Cites Improved Reserves   Moody’s has upgraded Nigeria’s rating by a notch to ‘B3’ from ‘Caa1,’ citing significant improvements in the country’s external and fiscal positions. The credit ratings agency revised Nigeria’s outlook to ‘stable’ from “positive’ as it expects recent...

‎Naira Falls Against Dollar in Black Market ‎The naira continued its downward slide against the US dollar in the parallel market on Friday, May 30, highlighting persistent volatility in Nigeria’s foreign exchange landscape. ‎A source in Abuja’s black market told Economic Confidential that the naira traded...

Cardoso Honored as Central Bank Governor of the Year   Governor of the Central Bank of Nigeria (CBN) Mr Olayemi Cardoso, has been named Central Bank Governor of the Year at the 2025 African Banker Awards held in Abidjan, Côte d’Ivoire. The award was presented at...