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Nigeria's insurance industry is entering a new phase under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, with stronger regulatory standards, higher capitalisation requirements and greater emphasis on protecting policyholders. The reforms have received support…
Nigeria’s foreign exchange market remained in focus on Wednesday, September 30, 2026, as the naira was quoted at ₦1,329.1600 to the US dollar at the official market, according to data attributed to the Central Bank…
The Nigerian currency continued to face pressure in the informal foreign exchange space as traders in Lagos quoted fresh figures for the United States dollar. Activity in the parallel market, commonly referred to as the…
The Nigerian currency market continues to show a notable divergence between official and unofficial exchange rates. For those looking to swap dollars for Naira outside traditional banking channels, the black market remains active, albeit unrecognized…
Nigeria has continued to dominate Africa’s crude oil landscape, retaining its position as the continent’s highest oil producer after recording a modest improvement in production levels at the start of 2026. Although the increase signals…
Foreign exchange activity across Nigeria’s informal currency market recorded notable movements on Thursday, reflecting continued pressure on the naira against the United States dollar. In Lagos’ parallel market, commonly referred to as the black market,…
The Nigerian naira has continued to struggle against the United States dollar in the parallel foreign exchange market, with fresh trading figures showing the local currency maintaining a weaker position outside the official banking window.…
There are growing indications that tomato and vegetable prices could remain stable — or even fall — during the 2026 Ramadan fasting season as farmers and traders anticipate increased harvests across northern Nigeria. Stakeholders under…
Fresh foreign exchange figures have emerged for Nigerians monitoring the performance of the naira against the United States dollar, with the parallel market continuing to trade significantly above official banking rates. Currency traders operating within…
Nigeria’s foreign exchange market recorded another noticeable gap between official rates and parallel market prices as fresh dollar-to-naira figures emerged for February 7, 2026. Currency traders in the informal market continued adjusting rates amid fluctuating…