Foreign exchange

Business

Nigeria’s FX Demand Hits $18.34bn, Services Account for 72 Percent

Ogochukwu Onwaeze, THEWILL -
The Financial Markets Dealers Association’s second-quarter foreign exchange market report, based on Central Bank of Nigeria data, showed that utilisation increased by 12.84 percent from $16.25bn in the first quarter and 52.42 percent from $12.03bn in the corresponding period of 2025.
Business

Foreign Exchange Reserves Grow $4.39bn In 12 Months

THEWILL. -
December 29, (THEWILL) — Foreign exchange (FX) reserves have recorded a notable increase of $4.39 billion over the past year, reflecting improved external sector performance and stronger inflows into the economy. The rise highlights enhanced macroeconomic stability and growing...
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Latest News

HeadlineFelix Ifijeh, THEWILL -

Nigeria Records Two More Suspected Ebola Cases

The Nigeria Centre for Disease Control and Prevention (NCDC) disclosed this in an update published on its official X handle on Saturday, saying laboratory testing and contact-tracing activities were ongoing.
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