Nigeria’s naira is recovering from record lows hit this year, following interventions by its central bank through interest rate rises and the direct sale of dollars to foreign exchange bureaus. The ...

The Nigerian naira strengthened to N1,421.73 per dollar, marking a 1.07% gain and extending a two-week rally, following several factors and CBN reforms.

Nigeria, South Africa, Mozambique, and Burkina Faso have been removed from the Financial Action Task Force’s (FATF) global ...

Nigeria’s Money Supply (M²) dropped month-on-month (MoM) to about ₦118 trillion in September 2025.

The Nigerian government has officially withdrawn all money laundering charges against Binance executive Tigran Gambaryan, who had been held in detention since April. What Happened: The decision was ...

Two of Africa's biggest economies are taking drastic measures to stabilize those economies. In recent months, Ethiopia and Nigeria have been facing severe inflation, mounting debt and trouble ...

The impact of the contraction was only partially offset by a 5.67 per cent rise in credit to the government, which increased ...

ABUJA (Reuters) - Nigeria's central bank has sold nearly $200 million to support the naira currency after President Donald Trump's tariffs sent shockwaves through global markets, the bank said on ...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that Nigeria is developing a new framework to enable the use of national currencies in bilateral trade settlements. Speaking at a ...