Tag: Foreign Exchange

CBN approves 100% forex repatriation for oil firms in major market reform

Business Damilola Bayonle -
Nigeria’s monetary authorities have introduced a significant policy shift aimed at recalibrating foreign exchange dynamics in the oil and...

Nigeria falls short of OPEC oil target again as January output drops to 1.48mbpd

Business Damilola Bayonle -
Nigeria misses OPEC oil production quota for sixth straight month Nigeria misses OPEC oil production quota for sixth straight month,...

CBN grants BDCs $150,000 weekly FX sales access to stabilize naira and boost market liquidity

Business Damilola Bayonle -
CBN Approves $150,000 Weekly FX Sales to Licensed BDCs to Boost Market Liquidity The Central Bank of Nigeria (CBN) has...

Naira strengthens against dollar: official and parallel market update, February 10, 2026

Business Damilola Bayonle -
Naira shows resilience as dollar exchange rate stabilises The Nigerian Naira continued its upward momentum on Tuesday, February 10, 2026,...

FG targets export boom with N881m allocation as non-oil exports trade hits historic $6.1bn

Business Damilola Bayonle -
Nigeria’s push to reduce its long-standing dependence on crude oil earnings gathered fresh momentum as the Federal Government earmarked...

Naira under pressure again as dollar supply crunch hits FX markets

Business Damilola Bayonle -
Naira Weakens as FX Supply Constraints Persist Across Markets Nigeria’s currency market came under renewed pressure last week as the...

Naira strengthens: Parallel market rate falls to N1,490/$ as official rate hits N1,420

Business Damilola Bayonle -
Naira Strengthens in Parallel Market as Gap with Official Rate Narrows Nigeria’s foreign exchange market witnessed a modest but significant...

Naira opens 2026 stronger at N1,430/$ | FX analysts predict stability

Business Damilola Bayonle -
Naira Opens 2026 Stronger: Stability Signals Positive Start for Nigeria’s Currency Nigeria’s naira began the first trading day of 2026...

Naira ends 2025 higher at official FX market — Stronger liquidity boosts confidence

Business Damilola Bayonle -
Naira Ends 2025 Higher as Investors Record Stronger Confidence in Official FX Market The Naira ends 2025 higher at the...

FX reserves to hit $51bn by 2026 — CBN projects strong external position

Business Damilola Bayonle -
FX Reserves to Hit $51bn by 2026 — CBN Projects Stronger External Position Nigeria’s external reserves are projected to rise...

IMTOs inflows decline: CBN data reveals $276m shock drop and Rlrising FX concerns

Business Damilola Bayonle -
IMTOs inflows decline raises fresh concerns for Nigeria’s FX market Nigeria’s external revenue profile came under renewed scrutiny in the...

FX reserves and Naira depreciation: Nigeria’s dollar buffer stalls as currency slips

Business Damilola Bayonle -
Nigeria’s external reserves have recorded their first decline in more than two months, signalling a pause in the steady...