FX

August 17, (THEWILL) — Nigeria’s external reserves have climbed above $52 billion, reaching their highest level in about 17 years, but the naira has not responded with a corresponding surge. The apparent disconnect highlights an important reality about Nigeria’s...

Independent petroleum marketers have rejected Dangote Refinery's decision to price fuel in US dollars, warning that the move could increase foreign exchange pressure and make petrol prices more volatile. PETROAN and IPMAN argue that domestic fuel should continue...

June 10 (THEWILL) — Improved foreign exchange liquidity helped keep the naira largely stable against the United States dollar on Wednesday, with the local currency trading at ₦1,360.55/$ in the Nigerian Foreign Exchange Market (NFEM), while the parallel market...

February 16, (THEWILL) — By early 2026, Nigeria’s manufacturing sector is undergoing a quiet but profound structural shift. After suffering unprecedented foreign exchange (FX)-induced losses in 2024, major manufacturers are re-engineering their operations around locally sourced raw materials in...

October 22, (THEWILL) — The Nigerian naira climbed modestly this week, signalling a sign of market resilience even as foreign-exchange (FX) inflows collapsed by 32.9% year-on-week, a stark reminder of the dual pressures the currency now faces. Data from the...

October 06, (THEWILL) – The Central Bank Governor, Olayemi Cardoso, has said the decision of the apex bank to implement the Electronic Foreign Exchange Matching System (EFEMS), is rooted in the understanding that trust is essential to central banking. THEWILL...

August 04, (THEWILL) – The Nigerian Foreign Exchange Market (NAFEM) recorded a total of $4.79 billion turnover in the month of July, according to data obtained from the FMDQ platform. The figures tracked by THEWILL during the 25 trading days...

October 19, (THEWILL) – In a move to abolish segmentation within the foreign exchange (FX) market and bring about greater consistency in terminology, the FMDQ Exchange has announced the change of Investors’ and Exporters’ (I&E) Window” to Nigerian...

June 17, (THEWILL) – The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has said monetary policy interventions alone cannot totally address the lingering foreign exchange scarcity challenges currently hurting various businesses, especially in the manufacturing sector. The apex bank...