Business
CBN Forex Spot Sales Hit $1.64 Billion in H1, 58% in March Alone
ABUJA, Nigeria — The Central Bank of Nigeria (CBN) sold $1.64 billion in foreign exchange through the spot market in the first half of 2026, with CBN forex…
foreign exchange
Business
Nigeria external reserves climb $115 million in six days to hit $55.07 billion
Nigeria’s external reserves increased by $115 million over six days to reach $55.07 billion, continuing the steady accumulation trend that has supported naira stability and improved the country’s…
Business
FMDQ FX turnover plunges 35.4% to $1.7 billion as spot transactions collapse
Nigeria’s foreign exchange market recorded a sharp pullback in trading activity in the week ended October 2, 2026, with total turnover across the FX Spot and Derivatives markets…
Business
British Pound falls to ₦1,767 as naira extends gains following CBN rate cut
The British Pound’s last bargain was at ₦1,767/£1 against the naira as it maintained its bullish momentum against the British currency in the CBN’s post-cut era. The Nigerian…