Naira loses N14.85 at official exchange market
The Nigerian currency continued to face pressure at the official foreign exchange market, losing N14.85 against the United States dollar within one…
Finance
Naira rises to N1,455 in parallel market despite official dip
The Naira today appreciated to N1,455 per dollar in the parallel market, an improvement from the N1,460 per dollar recorded on Thursday.…
High interest rates drive pension fund investments to N2.4trn
Investments in fixed income securities by Pension Fund Administrators saw a notable increase, rising by 17.7% Year-on-Year over the eight months ending…
Tinubu seeks senate approval to borrow ₦1.15trn domestically
President Bola Tinubu has written to the Senate seeking approval for a fresh ₦1.15 trillion borrowing from the domestic debt market to…
W’Bank to disburse $500m loan for Nigeria’s Project BRIDGE
The $500 million loan from the World Bank for Nigeria’s Building Resilient Digital Infrastructure for Growth project, also known as Project BRIDGE,…
Trump’s war threat drags naira, equities market down sharply
Nigeria’s financial markets opened the month on a downturn as both the naira and equities weakened sharply on Monday, following remarks by…
Pound sterling trades above ₦2,000/£ in FX market
The British pound sterling traded at approximately ₦2,065.96 to £1 in the Nigerian market, according to current online currency conversion services. On…
Naira trades at ₦1,421.73/$ on official foreign exchange market
The Nigerian naira traded at ₦1,421.73 to the United States dollar on the Daily Nigerian Foreign Exchange Market on Monday, November 3,…
CBN OMO auction fails, sells only ₦1.11bn at 21.69%
The Central Bank of Nigeria’s Open Market Operations auction saw poor demand on Friday despite offering a stop rate of 21.69 per…
W’Bank to review Nigeria’s $1bn loan application Dec 16
The World Bank has fixed December 16 as a tentative approval date for a fresh $1bn Development Policy Financing loan to the…
Nigeria’s money supply falls to ₦118trn amid CBN tightening
Nigeria’s money supply fell month-on-month to about ₦118 trillion in September 2025, down from ₦119.7 trillion in August, according to the Central…
CBN refutes report of $1.26bn forex allocation for fuel import
The Central Bank of Nigeria has refuted a report claiming that it allocated $1.269 billion in foreign exchange for the importation of…