Dangote Refinery Halts Petrol Sales in Naira   The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure. In an email sent to its customers at exactly...

CBN Sells $574m to Boost FX Market Liquidity in August   The Central Bank of Nigeria (CBN) ramped up its dollar sales in August 2025, selling a total of $574 million in a bid to stabilise the foreign exchange (FX) market amid waning inflows from key...

The strengthened naira weakened slightly against the US dollar on Friday, September 5, recording a marginal gain in both parallel and the official Nigerian Foreign Exchange Market (NAFEM).

CBN’s Forex Liquidity Push Strengthens Naira’s Stability   The Central Bank of Nigeria’s recent measures have lifted dollar liquidity in the foreign exchange market, raising hopes of a more stable naira. These reforms, coupled with rising inflows, have provided short-term relief, but sustaining the trend will...

When I first heard that more Chinese traders in Nigeria are beginning to accept the naira rather than insisting on the U.S. dollar, I felt a surge of cautious optimism

Foreign exchange dealers have revealed that some Chinese traders operating in Nigeria are increasingly accepting naira for transactions instead of demanding US dollars, a development they say is helping to ease pressure on the local currency.