Naira Strengthens as Nigeria’s Forex Turnover Jumps 9%
Activity in Nigeria's foreign-exchange market increased as the naira strengthened, adding to signs of improved activity in the currency market.
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Tag: #ForeignExchange
Nigeria’s FX Turnover Slumps 30% to $2.37bn as Derivatives Trading Collapses
Foreign-exchange activity weakened sharply in the week ended September 18, with derivatives turnover falling nearly 94 per cent and spot ...
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Nigeria’s FX Utilisation Surges 91% to Six-Year High of $50.9bn
Nigeria’s foreign exchange utilisation climbed to $50.93 billion in 2025, its highest annual level in six years, as businesses, importers ...
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Ethiopia Central Bank Allots $500m in Special Foreign Exchange Auction
Ethiopia’s central bank has allotted $500 million at a special foreign exchange auction as authorities continue efforts to improve access ...
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Nigeria’s Net FX Flow Rises 38% to $4.94bn Despite 29% Monthly Decline
Nigeria’s net foreign exchange (FX) flow stood at US$4.94 billion in March 2026, representing a 38% increase from the US$3.58 ...
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Nigeria’s FX Inflows Hit Five-Month High at $4.36bn as CBN Intervention Boosts Supply
Nigeria’s foreign exchange market recorded its strongest inflows in five months in July, supported by increased intervention from the Central ...
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FG Moves to Provide Dollars to Dangote Refinery as Naira-for-Crude Deal Faces Challenges
The Federal Government has pledged to provide foreign exchange support to the Dangote Petroleum Refinery to enable the facility to ...
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Nigeria’s Gas Export Earnings Rise to $2.53bn in Q1 2026 – CBN
Nigeria’s gas export earnings rose to $2.53 billion in the first quarter of 2026, highlighting the growing contribution of the ...
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CBN Introduces N100 Million Fine for Banks Over Undocumented FX Transactions
The Central Bank of Nigeria (CBN) has unveiled a major revision of its foreign exchange regulatory framework. The new rules ...
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CBN Raises Foreign Tuition Remittance Cap to $25,000 per Semester in FX Reform Push
The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange (FX) tuition fee remittance for Nigerian students studying ...
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