Nigeria’s foreign exchange (FX) market is gaining strength, delivering a net inflow of $15.20 billion in the first quarter of 2025 — a sign that the country’s ongoing market reforms and liberalisation efforts are yielding results. The figures, presented during the Nigerian Investor Forum on the sidelines of the IMF and World Bank Spring Meetings…
As Nigeria continues to implement foreign exchange (forex) market reforms, Bureau de Change (BDC) operators are expressing optimism about the Naira’s prospects in 2025. Many believe these reforms could lead to a stronger and more stable currency, boost investor confidence, and enhance the overall efficiency of forex trading. However, alongside this optimism, concerns are growing…
Despite significant improvements in Nigeria’s foreign exchange market fundamentals, the naira continues to struggle, trading at N1,600/$ in the black market as of Wednesday morning. This trend persists even as the U.S. dollar index hovers near a seven-month low. Naira short sellers remain undeterred, even in the face of the Federal Government’s recent issuance of…
