By Seun Ibiyemi The Nigerian naira opened the trading week with a slight appreciation against the United States dollar on Monday, reflecting continued stability in the foreign exchange (FX) market amid sustained interventions by the Central Bank of Nigeria (CBN).Cardoso calls for digital payment reforms at G-24 meetings Data from the Nigerian Foreign Exchange Market…
By Seun Ibiyemi The Nigerian naira showed a mixed performance in foreign exchange markets over the weekend ending Friday, February 20, 2026, as differing dynamics in the official and parallel segments shaped its trajectory. Data from market sources on Friday showed that the naira appreciated in the parallel (informal) market, strengthening to about ₦1,340 per U.S….
By Seun Ibiyemi The Nigerian currency, the naira, recorded a mixed performance in trading on Thursday, as data from the foreign exchange market showed differing movements across official and informal channels. According to Central Bank of Nigeria (CBN) data, the naira weakened marginally at the official foreign exchange window, closing at around ₦1,340 – ₦1,341…
How “Sex for Cash” thrives among tertiary institutions By Adeyemi David About 80 per cent of female students in many tertiary institutions across Nigeria are reportedly involved in “sex for cash” practices as they struggle to cope with rising tuition fees, soaring living costs, and dwindling family support. Findings by BusinessPointer reveal that some students…
By Adeyemi David The Nigerian naira recorded a positive performance in the foreign exchange market, appreciating against the United States dollar at the official window as improved liquidity supported the local currency. Data from the Central Bank of Nigeria showed the naira closed at about N1,337 per dollar, strengthening from N1,344 recorded earlier, marking its…
By Adeyemi David The Chairman of the Dangote Group, Aliko Dangote has projected that the naira could strengthen to N1,100 per dollar in 2026, citing the effects of ongoing economic reforms and import substitution policies. Dangote made the remarks on Tuesday during the launch of the National Industrial Policy 2025 by the federal government. He…
….As food inflation hits single digit first time in 10 yrs … Naira hits N1,390 on black market as gap closes 2.5% …. Nigeria records strongest foreign inflows in five years on reforms By Adeyemi David Nigeria’s headline inflation rate moderated slightly to 15.10 per cent in January 2026, down from 15.15 per cent recorded…
By Adeyemi David The Nigerian naira closed the trading week ended February 7 on a slightly weaker note at the official foreign exchange market, reflecting mild volatility amid persistent dollar demand. Data from the Central Bank of Nigeria showed the currency settled at ₦1,366.19 per dollar on Friday, representing a 0.01 per cent decline from…
