The World Bank says the naira was among Africa’s more resilient currencies in Q2 2026, with a maximum 2.6% weakening as oil exports helped cushion Nigeria against global market pressures.
Tag: Foreign Exchange
Nigeria FX Market Turnover Rises 11% to $2.63bn as Spot and Derivatives Trading Recover!
Nigeria’s FX market turnover rose 11.02% to $2.63bn in the week ended September 25, driven mainly by stronger spot trading and a recovery in derivatives.
CBN Probes Banks Over Restrictions on Customers’ Access to Forex Accounts!
CBN probes reported restrictions by Nigerian banks on customers’ access to forex accounts as the regulator continues reforms aimed at improving transparency, liquidity and compliance in the foreign exchange market.