3 d. ago Foreign Exchange losses, rising costs drag down Coronation Insurance’s Q3 profit

Coronation Insurance Plc has seen its profit outlook dampened by persistent inflationary pressures and foreign exchange losses, despite strong top-line growth during the first nine months of 2025. The insurer posted a 59.63 per cent decline in profit after tax (PAT) to ₦3.71 billion for the period ended September 2025, compared with ₦9.19 billion recorded […]

Economics

4 d. ago 49% of manufacturers unable to access FX from official market – MAN

Less than 50 percent of Nigerian manufacturers were unable to access foreign exchange from the official window in the third read more 49% of manufacturers unable to access FX from official market – MAN

Politics

5 d. ago Stakeholders Optimistic As Nigeria Pushes For Local Auto Parts Production

Stakeholders have expressed optimism as the federal government ramps up support for local auto parts production. Local parts production would actualise Nigeria’s goal of backward integration in the auto industry. The development comes as Nigeria contends with foreign exchange shortages and rising import costs. The federal government is renewing efforts to deepen local manufacturing of […]

Politics

6 d. ago Reversing investor apathy will require bold, sustained reforms

Once the pride of Nigeria’s capital market and a reliable driver of government revenues and foreign exchange earnings, the country’s read more Reversing investor apathy will require bold, sustained reforms

Politics

1 week ago Relief for naira as Nigeria’s monthly FX turnover hits $8.6bn in 2025

Nigeria’s foreign exchange market recorded a major boost in 2025, with average monthly turnover rising to $8.6 billion, according to the Central Bank of Nigeria (CBN). The development signals renewed investor confidence and relief for the naira, which has faced years of pressure from foreign exchange shortages and speculative activities. The Deputy Governor of the […]

Politics

2 w. ago APC hails IMF, World Bank’s commendation of Tinubu’s economic reforms

The All Progressives Congress (APC) has described as heartwarming, the appraisal of the state of the nation’s economy by the World Bank and the International Monetary Fund (IMF). The IMF had commended Nigeria for making notable progress in revenue collection and for improving transparency in its foreign exchange (FX) and reserves management. The Fund made […]

Politics

2 w. ago FG to strengthen foreign reserves through locally sourced gold – Alake

He noted that because the gold is mined locally, there is no need to spend scarce foreign exchange, making it

Politics

3 w. ago Naira strengthens by N10.50 in one week on sustained FX market liquidity

The naira appreciated by N10.50 over the course of one week in the official foreign exchange market, supported by sustained read more Naira strengthens by N10.50 in one week on sustained FX market liquidity

Politics

3 w. ago Nigeria’s Currency Reforms Spark Dollar Ambitions – Why Digital Domains Could Be The Next Global Play

Nigeria’s sweeping economic reforms in 2025 have reshaped the financial landscape. The Central Bank has expanded avenues for diaspora remittances, improved access to foreign exchange, and signaled greater flexibility for international payments. These moves have opened doors for Nigerians to connect more directly to dollar-denominated opportunities. Against the backdrop of a volatile naira, the prospect […]

Politics

4 w. ago Naira gains momentum as FX speculations decline, reserves hit $43bn

Tribune Online Naira gains momentum as FX speculations decline, reserves hit $43bn The Nigerian naira is staging its strongest comeback in years, fueled by surging foreign reserves, declining speculative activities in the foreign exchange market, and sweeping reforms introduced by the Central Bank of Nigeria (CBN). The currency, which had been battered by years of volatility and sharp depreciation, is now regaining investor confidence and market credibility, […] Naira gains momentum as FX speculations decline, reserves hit $43bn Tribune Online

Politics

4 w. ago Economic reforms have restored investor confidence, stabilised Naira — CBN

Tribune Online Economic reforms have restored investor confidence, stabilised Naira — CBN The Central Bank of Nigeria (CBN) has said that its sweeping monetary and foreign exchange reforms over the past Economic reforms have restored investor confidence, stabilised Naira — CBN Tribune Online

Economics