AfDB Projects Naira, Cedi Fall Due to Low Export Earnings African Development Bank (AfDB) has revealed that Nigeria’s naira and the Ghanaian cedi are among the African currencies that are expected to witness a decline this year driven by a potential fall in export earnings. The...

Naira Holds Firm Against Dollar in Parallel Markets ‎‎The naira steadied against the US dollar on Wednesday, in the parallel market. ‎A source at the Abuja black market told Economic Confidential that as of May 28, the naira was trading at ₦1,605/$1 for buying and ₦1,615/$1...

CBN’s ATM Fee Hike: A Financial Strain or Necessary Reform? By Rahma Olamide Oladosu   The announcement by the Central Bank of Nigeria (CBN) of the plan to hike ATM transaction fees which took effect from March 1, 2025, sparked widespread concerns across the country. As millions...

Nigeria's Crude Export Revenue Declines 17% to $6.68bn in Two Months - Report  Nigeria’s revenue from crude oil export fell by 17 per cent in the first two months of the year to $6.68 billion driven by lower price of the commodity. The data analysis on...

Naira Strengthens Against Dollar in Official, Parallel Markets ‎The naira appreciated marginally against the US dollar on Tuesday, gaining ₦2.33 in both the official and parallel markets. ‎A source at the Abuja black market told Economic Confidential that as of May 27, the naira was trading...

Naira Holds Firm Against Dollar in Black Market ‎The naira remained stable against the US dollar in the parallel market on Monday. ‎A source at the Abuja black market told Economic Confidential that as of May 26, the naira traded at ₦1,610/$1 for buying and ₦1,617/$1...