Naira
Ghana Cedi Seen Weakening as Nigeria’s Naira, Kenya’s Shilling Hold Steady
Ghana’s cedi is expected to weaken against the U.S. dollar over the coming week as demand for foreign currency continues to exceed supply,...
Naira Strengthens Against Pound, Closes at N1,819/£1
By Benson Daniel The Nigerian naira strengthened against the British pound, with the pound closing at N1,819 on Tuesday, improving from N1,830 recorded...
IMTO Inflows Rise 45% to Record $1.29bn in First Quarter
By Benson Daniel Nigeria recorded a strong increase in foreign exchange inflows through International Money Transfer Operators in the first quarter of 2026,...
NAFEM Turnover Climbs to $1.41bn as Foreign Exchange Trading Rebounds
By Benson Daniel Turnover on the Nigerian Autonomous Foreign Exchange Market rose sharply to $1.41 billion on August 17, marking a five week...
NFEM Turnover Falls to $185m as Foreign Exchange Market Activity Thins
By Benson Daniel Turnover on Nigeria’s Foreign Exchange Market fell sharply to $185 million on August 11, 2026, marking the lowest level recorded...
Nigerians’ Cost of Living Crisis Deepens as Election Approaches
By Benson Daniel Nigeria’s cost of living crisis is deepening as the country moves closer to the next general election, with millions of...
Naira Holds Steady as Strong Dollar Supply Supports Foreign Exchange Market
By Benson Daniel The naira ended the trading week largely stable across Nigeria’s foreign exchange market, supported by improved dollar liquidity and stronger...
Naira Holds Firm at N1,837/£1 as Stronger Dollar Pressures British Pound
By Benson Daniel The Nigerian naira remained stable at N1,837 to one British pound in the foreign exchange market as renewed strength in...
