Topic
forex
FMDQ Turnover Hits N551.23 Trillion in Nine Months as FX and OMO Bills Take 64%
FMDQ turnover reached N551.23 trillion from January to September 2026, with FX and CBN OMO bills making up 64% and three banks handling 42.7% of the total.
Uganda Shilling Hits Record Low Near Shs4,250/$ as Central Bank Returns to Dollar Sales
The Uganda shilling fell to a record low near Shs4,250 per dollar, wiping out the gains from a 225-point rate hike. Why it is sliding and what comes next.
Naira Exchange Rate Falls to N1,365/$: Sharpest Daily Drop in 18 Months as FX Demand Stays High
The naira exchange rate fell N28 to N1,365/$ on 22 October, its sharpest daily drop since April 2025. What CBN data shows and what to watch next.
Ghana Cedi Steadies at GH¢11.61 After Losing 10% of Its Value in 2026
The Ghana cedi firmed to GH¢11.61 per dollar on the Bank of Ghana interbank market, but it is still about 10% weaker than at the start of 2026. Here is why.
Nigeria FX Turnover Falls 22% to $2.62bn as Forward Deals Drop 81%
Nigeria FX turnover fell 22.23% to $2.62bn in the week to 16 October as forwards dropped 81%. The naira held near N1,333/$ after a $430.6m CBN sale.
Nigeria FX Demand Hits $18.34bn in Q2 2026, Its Highest Since 2011
Nigeria FX demand rose to $18.34bn in Q2 2026, its highest since 2011, as financial services outflows doubled imports and CBN dollar sales fell to $418m.
Nigeria-China Payments: CBN's Cardoso Takes Settlement Talks to Beijing
Nigeria-China payments are on the CBN's agenda as Governor Cardoso plans Beijing talks on settlement, fintech and trade finance with the People's Bank of China.
Nigeria’s $5bn swap trades certainty for cheaper money
Nigeria's $5bn swap with First Abu Dhabi Bank trades fixed-cost certainty for flexible dollar liquidity — here's how the deal actually works.
Naira Holds Near Two-Year High as Nigeria's FX Reserves Strengthen
The naira is holding near a two-year high, supported by record Nigerian FX reserves and rising remittance inflows
The Nigerian Naira at 1,590: Currency Depreciation, Inflation and What Investors Need to Know
The naira has depreciated substantially since the June 2023 liberalisation. At roughly 1,590 to the dollar, the trajectory matters for anyone doing business in or with Africa's largest economy.