Topic
naira
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.
Brent Crude Tops $116, a Six-Month High: What It Means for Nigeria, Angola, Kenya and Africa's Oil Importers
Brent crude topped $116 a barrel on 23 October after Houthi attacks on Saudi Arabia. What the six-month high means for African exporters, importers and FX.
Naira Exchange Rate Falls to N1,365/$: 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.
Nigeria Money Supply Jumps N7.5 Trillion in September to N146.6 Trillion
Nigeria money supply rose 5.4% in September to N146.6 trillion after a flat August, CBN data show. What drove the jump and what it could mean for inflation.
J.P. Morgan Merchant Bank in Nigeria Moves Closer After N50bn CBN Deposit
J.P. Morgan's merchant bank in Nigeria is a step closer: the US lender has deposited N50bn with the CBN, meeting the licence capital floor. What it could do.
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.
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
African Forex Watch: Naira Stabilises, Rand Under Pressure, Shilling Steady
African currencies showed divergent trends in early August, with the Nigerian naira stabilising, the South African rand facing pressure and the Kenyan shilling remaining relatively steady. Here's what the latest currency movements mean for businesses, trade and investors across Africa.
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.
The Weekly Pulse: July 7–11, 2026
Copper slips below $9,500 on Chinese demand data, the naira gives up ground, and the NGX All-Share holds a 14% year-to-date gain.