Naira Declines to N1,602.63/$ in Black Market After trading at the Nigerian Foreign Exchange Market (NFEM) on Tuesday, the naira depreciated slightly by 0.2 percent as the dollar was quoted at N1,602.63 compared to N1,599.93 seen on Thursday last week before the Easter holiday, data...

Currency in Circulation Drops to N5tn in 2025 - Report The total amount of naira in circulation decreased to N5tn as of March 2025, marking a decline from N5.04tn recorded in February 2025. This represents a further reduction from N5.24tn in January 2025, according to the...

Nigeria’s broad money supply (M3) jumped 24 percent to an all-time high of N114.2 trillion in March 2025, defying the Central Bank of Nigeria (CBN)’s ongoing monetary tightening efforts aimed at reining in inflation.

Nigeria’s total foreign exchange inflows fell to $9.63bn in January 2025, down from $10.17bn in December 2024, according to the latest Economic Report released by the Central Bank of Nigeria (CBN) on April 17.

The governor of Central Bank of Nigeria (CBN), Yemi Cardoso, has said there is no going back on rebuilding credibility through orthodox monetary policy, transparency and consistency.

The Central Bank of Nigeria, CBN, said Nigeria’s trade surplus reached $2.2 billion in January 2025, rising by 107.5 percent month-on-month (MoM) from $1.06 billion in December 2024.