The Nigerian naira has strengthened to a two-year high against the United States dollar, shrugging off concerns over the impact of the latest interest-rate cut on the currency. The naira
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Transactions in Nigeria’s foreign exchange market rose by 11 per cent to $2.63 billion in the week ended September 25, signalling increased activity across the market. The increase covered both
Nigeria’s net foreign exchange inflow rose by 36.5% year-on-year to $33.76 billion in the first five months of 2026, up from $24.72 billion recorded in the same period of 2025.
Nigeria recorded a record $947 million in monthly remittance inflows through formal International Money Transfer Operators (IMTOs) in July 2026, bringing the country close to the Central Bank of Nigeria’s
Nigeria’s crude oil production fell to about 1.51 million barrels per day (bpd) in July, representing a decline of roughly three per cent from the previous month. The drop comes
Nigeria’s manufacturers are still battling multiple taxes, levies and regulatory charges despite the introduction of the Nigeria Tax Act 2025, the Manufacturers Association of Nigeria (MAN) has said. The association
The Nigerian naira recorded a marginal decline against the United States dollar in the official foreign exchange market, with the exchange rate slipping to N1,385 per dollar, according to the