Foreign Exchange

The naira strengthened in September as improved foreign exchange liquidity, stronger oil receipts and growing market confidence supported the currency. The naira closed September at N1,329.16 per dollar on the …

The Central Bank of Nigeria (CBN) is investigating complaints that some commercial banks are restricting customers’ access to funds held in domiciliary accounts, amid growing concerns over delays and limits …

Nigeria’s foreign exchange reserves are expected to climb to about $45 billion by the end of 2025, following strong investor confidence in the country’s $2.3 billion Eurobond issuance, according to …

With global oil prices falling to around $64 per barrel, far below Nigeria’s $75 budget benchmark, the country faces renewed fiscal pressure and foreign exchange challenges. However, sweeping reforms by …

The naira appreciated against the United States dollar in the official foreign exchange market on Monday, closing at ₦1,465.29 per dollar, even as Nigeria recorded a sharp 33 per cent …

The South African rand traded flat against the U.S. dollar on Tuesday, extending a two-week stretch of stability as investors kept watch for domestic economic triggers. By 8:15 GMT, the …

Nigeria’s external reserves have risen to their highest level in six years, crossing the $42bn threshold for the first time since September 2019. Fresh data from the Central Bank of …

Nigeria has achieved its lowest level of crude oil theft in 16 years, a development analysts say could ease pressure on the foreign exchange market, boost fiscal revenues, and restore …

igeria recorded a trade surplus of N12.64 trillion in the first half of 2025, offering some relief for the country’s foreign exchange market even as concerns remain about structural weaknesses …

Foreign investors have shown renewed confidence in Kenya’s capital market after years of weak participation, as their purchases of shares at the Nairobi Securities Exchange (NSE) hit a four-year high …