Foreign Exchange
Nigerian Naira Gains Against Dollar as External Reserves Climb to $51.87 Billion
Nigeria's embattled currency recorded a rare victory on Wednesday as the Naira strengthened against the US dollar at the official foreign exchange market,...
Keyamo Raises Concerns Over Aviation Financing Challenges, Announces Major Reforms
Minister of Aviation and Aerospace Development, Festus Keyamo, has expressed concern over persistent challenges affecting Nigeria’s aviation financing ecosystem, including customs bottlenecks, foreign...
Naira Weakens Slightly Against Dollar at Official and Black Markets
The Nigerian naira recorded a slight depreciation against the United States dollar on Tuesday, May 19, 2026, across both the official Nigerian Foreign...
FG Moves to Revive Nigeria Paper Industry and Cut Import Dependence
The Federal Government has begun efforts to tackle fiscal and policy challenges affecting Nigeria’s paper manufacturing industry as part of plans to strengthen...
Nigeria Economy Shows Mixed Signals as Markets Rise and Policy Reforms Intensify
Nigeria economic landscape continues to show mixed signals as recent developments across monetary policy foreign exchange markets capital markets and fiscal regulation point...
Naira Records Mixed Performance Against Dollar at Official and Parallel Markets
The Nigerian naira posted mixed performance against the United States dollar on Thursday, May 14, 2026, across both the official Nigerian Foreign Exchange...
Nigeria’s Oil Production Rises Slightly but Remains Below OPEC Quota
Nigeria’s crude oil production recorded a slight increase in April 2026, but the country still failed to meet its production quota set by...
Nigeria’s Foreign Currency Tax Revenue Surges to N6.33 Trillion in 2025
Nigeria recorded a significant rise in foreign currency denominated tax revenue in 2025, with total receipts climbing to N6.33 trillion, according to an...
Naira Opens April 2026 Trading Week with Relative Firmness Amid FX Market Pressure
The Nigerian currency, the Nigerian Naira, began the final trading week of April 2026 with mild firmness as foreign exchange markets continue adjusting...
CPPE Rejects World Bank Call for Increased Imports, Warns of Economic Risks
The Centre for the Promotion of Private Enterprise has strongly opposed a recommendation by the World Bank urging Nigeria to increase the importation...
