FX Turnover Surge Lifts Naira Against Dollar
The naira rose against the US dollar at the Nigerian Foreign Exchange Market amidst a significant surge in interbank turnover, according to daily FX data published by the Central Bank of Nigeria.
Dollar liquidity improved above international payment levels...
Nigeria’s financial markets opened 2026 with strong momentum as FMDQ Group recorded a total turnover of ₦60.77tn in January, driven largely by foreign exchange activity.
CBN to FX Marketers: Submit Compliance Report Before February
The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange market to submit compliance reports on adherence to the Nigeria FX Code by January 31, 2025.
The directive is part of efforts to strengthen...
Manufactured Goods Imports Rise 269% to N9trn – NBS
The value of manufactured goods imported into the country rose Year-on-Year (YoY) by 268.76 percent to N9.03 trillion in the fourth quarter of 2023 (Q4’23) from N2.45 trillion in the same period in 2022.
The figure also...
No Plan To Sell Tickets In Dollars Says NANTA President
Travel agents under National Association of Nigeria Travel Agencies, (NANTA) have denied plans to sell air tickets in dollars due to FX scarcity and airlines inability to repatriate their earnings.
Following recent information on ticket sales...
World Bank Outlines steps for Nigeria's Economic Revovery
The World Bank has outlined faster steps for Nigeria's economic recovery apart from taking other measures to deepen ongoing reforms undertaken by the country.
According to the Bank, the measures would assist avoid threats to the government’s macroeconomic...
