Food imports drop to $2.34bn despite forex surge
Nigeria spent $2.34 billion on food imports in 2025, according to data contained in the latest Quarterly Statistical Bulletin released by the…
FOREX
LCCI urges FG to stabilise forex, cut energy costs amid rising inflation
The Lagos Chamber of Commerce and Industry has urged the federal government to stabilise the foreign exchange market and reduce energy and…
Net forex inflow drops 18.3% to $61.29bn in 11 months
Net foreign exchange inflow into the Nigerian economy declined by 18.3 per cent year-on-year to $61.29 billion in the eleven months ended…
External reserves hits $46bn, highest in nearly eght years
Nigeria’s external reserves have surpassed the $46 billion milestone for the first time in nearly eight years, reflecting consistent growth in reserve…
Nigeria’s net forex inflow rose 12% in 2025
Nigeria recorded a 12.3 per cent year-on-year increase in net foreign exchange inflow to $41.73 billion in the first eight months of…
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…
Senate questions MPC nominees on inflation, forex crisis
The Senate questioned the nominees for the Central Bank of Nigeria’s Monetary Policy Committee on Wednesday, screening them and asking them about…
Estate developers abandon building projects amid forex crisis
Melvin Onwubuke Nigerian Estate developers are facing a Herculean task in meeting project delivery timeline, due to the foreign exchange crisis. A…
Speculative FX demands cause of weak naira – CBN
By Christian George The Central Bank has attributed the country’s weak currency to the insatiable demand for dollars and foreign goods by…
Parthian Partners pays third bond coupon
Parthian Partners Limited has made the third consecutive coupon payment on its N10 billion bond. The PUNCH reported that the Chief Financial…
CBN clears $64.44m forex backlog for airlines
Bisola David The Central Bank of Nigeria has announced that it has fulfilled its commitment by clearing a $64.44 million backlog of foreign…
How inflation, forex crisis may affect consumer goods industry – Report
Persistent inflation and currency issues are expected to have an impact on the fourth-quarter financial results of enterprises operating in the consumer…