The Lagos Chamber of Commerce and Industry has said that if the Nigerian government can reduce the foreign exchange rate to N1,300 per dollar, the country’s inflation will drop. President of the LCCI, ...

ABUJA, Nigeria (AP) — Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will help woo investors and stabilize the local ...

Nigeria operates a multiple exchange rate regime, which the Central Bank of Nigeria (CBN) has defended. But the International Monetary Fund (IMF) has faulted the multiple exchange rate regime and ...

The Nigerian Naira began the new year with relative stability in the foreign exchange market, maintaining a steady range against the United States Dollar. As of January 1, 2026, the local currency ...

Will a brutal decline in the Naira force the country to finally end its multiple-exchange-rate system? In the five months between March and August of this year, Nigeria’s currency, the Naira, fell by ...

Buhari’s re-election in Nigeria and the imminent end of Emefiele’s term at the central bank creates a window of opportunity to end the dual exchange system — will Nigeria take it? Charles Robertson, ...

The Central Bank of Nigeria (CBN) has released a new FX rate for cargo clearance at Nigeria’s sea and airports Data from the federal government’s trading portal shows that the new Customs rate ...