Business

Seplat Energy appoints Tony Elumelu as non-executive director

  • 22nd January 2026

Dangote, Indorama projects to position Nigeria as fertiliser

  • 22nd January 2026

US ambassador Richard Mills exits Nigeria amid global

  • 21st January 2026

FG unveils impact challenge to boost 3MTT outcomes

  • 20th January 2026

Contact Info

Some Populer Post

Seplat Energy appoints Tony Elumelu as non-executive director

Business

GTCO raises N10bn via fully subscribed private placement

Banking
EFCC faults fintech over fraud among unbanked and middle class

EFCC links banks, fintechs to N162bn crypto fraud

featured

Dangote, Indorama projects to position Nigeria as fertiliser export

Business

Tag: Fx

News

FX stability drives Nigeria’s car imports to N1.01tr

Nigeria’s importation of passenger motor cars rebounded strongly in 2025 as relative stability in the foreign exchange market eased pressure on dealers and buyers, according to foreign trade statistics from the National Bureau of Statistics. Data from the NBS showed that the value of passenger motor car imports rose to N1.01tn in the first nine […]

Business

Nigeria’s FX reserves to hit $45bn December — Report

Nigeria’s foreign exchange reserves are expected to reach $45 billion by the end of 2025, buoyed by renewed investor confidence after the country’s successful $2.3 billion Eurobond issuance, according to investment firm CardinalStone. In its Macroeconomic Update on the issuance, CardinalStone noted that the strong demand for the Eurobonds—oversubscribed by 5.5 times—underscores growing investor optimism […]

Nigeria's external reserves rise to $36.89bn — CBN gov
Business

Naira holds below N1,500/$ for 10 consecutive days

The naira strengthened, remaining below the N1,500/$ mark for 10 straight trading sessions at the official market, according to data from the Central Bank of Nigeria. The local currency first breached the N1,500/$ threshold in over six months on September 15, closing at 1,497/$. It has since gained further, ending Friday’s trading at 1,480/$. Meanwhile, […]

Naira closes week stronger at N1,534.72/$ 
Economy

Naira gains marginally against dollar in FX market

The naira saw modest gains in Nigeria’s foreign exchange market. On Thursday, the Nigerian currency appreciated slightly in the official market, closing at N1,548.59 to the U.S. dollar. FMDQ data revealed this was N4 lower than the previous day’s exchange rate of N1,552.58/$1. The naira remained stable on the black market, with foreign exchange rates […]

Naira closes week stronger at N1,534.72/$ 
News

Nigeria’s FX reserves drop by $434m in one week

Nigeria’s foreign exchange reserves experienced a decline of $435.40 million within the span of a week, according to data from the Central Bank of Nigeria. The reserves decreased from $40.92 billion on January 6 to $40.48 billion on January 14. This drop highlights a significant change in the country’s foreign reserve holdings over a short […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
featured News

Nigeria’s foreign reserves record $2.35bn monthly net inflow – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that Nigeria is currently recording a net inflow of approximately $2.35 billion into the apex bank’s foreign reserves. This development indicates a positive trend in the country’s foreign exchange position. Edun disclosed this in a statement while speaking at the Access […]

FG spends 74% of revenue on debt in Q1 2024
News

Naira dips by 215% in one year

Since the harmonization of Nigeria’s foreign currency market segments one year ago, the naira has declined by approximately 214.64% against the dollar, according to The Punch. At the closing of trade on Friday, the naira was worth N1482.72 per dollar, compared to N471/$ a year ago. The Central Bank of Nigeria’s statement abolishing the segmentation […]

CBN sells $10,000 to BDCs at N1,101/$
News

Naira gains, sells N1390 per dollar at official market

The naira appreciated by N29 or 2.1 per cent to N1,390 per dollar, compared to N1,419 per dollar recorded on Monday at the official market known as the Nigerian Autonomous Foreign Exchange Market. In addition, the dollar supply in the official foreign exchange market reached a substantial sum of $7.3bn in March and April, according […]

Custom to free detained vehicles, amid FX crisis
News

Custom to free detained vehicles, amid FX crisis

By Melvin Onwubuke The Federal Government has announced a time limit of 90 days for the regulariszation of import duties on certain vehicle categories. This was disclosed by Abdullahi Maiwada, The National Public Relations Officer, Nigeria Customs Service, on Sunday. In the statement, Maiwada said the recent development was a proactive effort to improve compliance […]

FX payments rose to $1.3bn in February - CBN
Economy

Factories may shutdown if FX crises persists – MAN

By Melvin Onwubuke The Manufacturers Association of Nigeria has said that many factories may shutdown operations amidst the lingering foreign exchange crises. This follows the statement of the Director General, Mr Segun Ajayi-Kabir in a recent interview on AIT. He disclosed that manufacturers could not access up to 20 per cent of their forex needs […]

Banks dollar sale drops as naira falls to N1,479
Banking

Banks dollar sale drops as naira falls to N1,479

Data collected on Thursday from FMDQ Exchange indicated that the total value of transactions registered at the official Nigerian Autonomous Foreign Exchange Market decreased from $465.29 million on Tuesday to $203.93 million on Wednesday. The PUNCH reported that this shows that the volume and value of transactions on NAFEM, the official FX market, have decreased […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in