After years of tight restrictions caused by dollar shortages and foreign exchange instability, Nigerian banks have resumed international transactions on naira-denominated debit cards — a major ...

The relative stability of the naira has triggered a surge in the import of used vehicles, leading to the arrival of about ...

The naira on Monday surged to a four-month high of N1,518.88 per dollar at the official foreign exchange (FX) market, driven ...

The naira edged toward N1530/$ in the unofficial market at the start of the first trading session of the week.

Nigerian banks have resumed the use of naira debit cards for international transactions and online payments, more than three years after financial institutions suspended the service due to acute ...

The South African rand has surged while the Nigerian naira has plunged to a record low. The USD/ZAR exchange rate crashed to 17.17 on Monday, its lowest point since July 2023 and 11% below the ...

On 3 October the Central Bank of Nigeria (CBN) announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS) for transactions in the interbank forex market in its latest ...

Nigerian lender United Bank for Africa (UBA) said on Wednesday it had issued a 35 billion naira ($217 mln) bond paying a 14 percent coupon, the second tranche of a 400 billion naira debt issuance ...

FCTA has signed a multi-billion naira MoU with MAG International Links Ltd for the development of the City Walk Abuja project ...