Cocoa, Coffee Farmers Seek African Bloc, $6,000 Floor Price To End Foreign Control
The Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) has called for a unified African cocoa producers’ bloc and a minimum floor price...
Net Forex Inflow Falls 24% To $6.92bn
Net Foreign exchange (forex) into the economy fell by 24 per cent, month-on-month, MoM to $6.92 billion in February from $9.22 billion recorded the...
Nigeria’s Current Account Surplus Rises 46% To $4.98bn
The Central Bank of Nigeria, CBN, yesterday said the nation’s current account surplus grew year-on-year (YoY) by 46 percent to $4.98 billion in the...
Crypto-Asset Surge Poses Risks To Monetary Policy – IMF Warns
The International Monetary Fund (IMF) has warned that the rising use of dollar-backed stablecoins in Nigeria could undermine monetary policy effectiveness, financial stability and...
IMF Warns As Nigeria Captures 60% Of SSA Stablecoin Inflows
•Flags risks to monetary policy, financial integrity •As Nigeria ranks 2nd globally, with $59bn crypto inflows The International Monetary Fund (IMF) has disclosed that Nigeria accounts for...
FG Debt Repayments Surpasses 2025 Budget Allocation By Nearly N2tn
Federal government debt repayments exceeded the 2025 amended budget allocation by N1.90tn in the first nine months of the year, fresh data from the...
CBN Unveils New FX Guidelines, Approves Cash Movement Of $50,000
The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000,...
Stewardship, Not Seizure: What The Union Bank Case Is Really About
There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions...
Banking, Industrial Stocks Attract Investors As Market Rally Continues
The Nigerian stock market closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week, W-o-W, driven largely by renewed...
Dollar To Naira Exchange Rate Today, May 6, 2026
The Nigerian Naira recorded slight gains against the United States Dollar on Wednesday, May 6, 2026, across both the official Nigerian Foreign Exchange Market...
