Lagos, Jan. 9, 2025 – The Nigerian currency, the Naira, remained stable at N1,421 to the dollar at the official foreign exchange market on Thursday; The currency had depreciated to N1,421 to the dollar on Wednesday from N1,416 on Tuesday. Bid rates quoted by dealers in the market on Thursday ranged from N1,418 to N1,422 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos at between N1,485 and N1,495 to the dollar.
Naira appreciates to N1,416 to dollar at official market Tuesday
Lagos, Jan. 7, 2026 -The Nigerian currency, the Naira, appreciated significantly at the official foreign exchange market on Tuesday, closing at N1,416 to the dollar. The currency gained N12 to the dollar at the market on Tuesday, up from the N1,428 to the dollar which it closed on Monday Bid rates offered by dealers in the market ranged from N1,414 to N1,426 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos at between N1,485 and N1.495 to the dollar.
Ecobank completes early repayment of tendered US$300m Eurobond Notes
Lagos, Jan. 6, 202 – Ecobank Nigeria Limited has fully repaid bondholders who validly tendered their notes ahead of the February 2026 maturity date. The bank announced the successful completion of its tender offer, under which it prepaid approximately US$245 million of its US$300 million Eurobond, representing more than 80 per cent of the total issuance. The transaction relates to the 7.125 per cent Senior Note Participation Notes due February 2026. Ecobank Nigeria Limited, had on Nov.27, 2025, launched a tender offer to eligible noteholders in respect of the …
Trump sets meetings with oil companies on Venezuela
Washington, Jan. 6, 2026 – The administration of United States President Donald Trump is planning to meet with executives from US oil companies later this week to discuss boosting Venezuelan oil production after US forces abducted its leader, Nicolas Maduro, the Reuters news agency has reported, citing unnamed sources. The meetings are crucial to the administration’s hopes of getting top US oil companies back into the South American nation after its government, nearly two decades ago, took control of US-led energy operations there, the Reuters news agency report said on Monday. …
Naira appreciates to N1, 428 to dollar at official market
Lagos, Jan. 6, 20226 – The Nigerian currency, the Naira, appreciated to N1,428 to the dollar at the official foreign exchange market on Monday. The currency had closed at N1,431 to the dollar at the market on Friday, thus appreciating by N3 to the dollar. Bid rates offered by dealers at the market on Monday ranged between N1,424 and N1,433 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos at between N1,490 and N1,500 to the dollar.
CPPE calls for phased, pragmatic implementation of new tax reforms
Lagos, Jan. 5. 2026 – The Centre for the Promotion of Private Enterprise (CPPE) has called for phased, pragmatic, and socially sensitive approach to the implementation of the new tax reforms in the country. It said the implementation should also be anchored on trust, economic realities, and political timing. The Centre made the suggestions in a statement issued in Lagos by Dr Muda Yusuf, it Chief Executive It said the reforms were essential for fiscal sustainability of the country, but stressed that its implementation strategy would ultimately determine their success …
Naira appreciates to N1,442.5126 to dollar at official market
Lagos, Dec.30, 2025 – The Nigerian currency, the Naira, appreciated to N1,442.5126 to the dollar at the official foreign exchange market on Monday. The currency had appreciated from N1,443.3767 to the dollar on Friday. Bid rates offered by dealers at the market ranged from N1,438.1500 to N1,450.0000 to the dollar, Meanwhile, the naira is being traded at the black market in Lagos at between N1,475 and N1,485 to the dollar.
FG writes off NNPC’s $1.42bn, N5.57trn debts to Federation Account
Abuja, Dec. 29, 2025 – The federal government has cancelled $1.42 billion debts owed by NNPC Ltd to the Federation Account after a reconciliation exercise. The cancelled debts also included some naira-denominated debts amounting to N5.57 trillion. The debt cancellation followed a reconciliation of records between the NNPC and the Federation Allocation Committee. The Nigeria Upstream Regulatory Commission (NUPRC) announced the debt cancellation after a meeting with the Federation Account Allocation Committee on November 18, 2025. The NUPRC document, “Report of October 2025 Revenue Collection Presented at the Federation Account …
China vows more efficient fiscal spending to support 2026 growth
Beijing, Dec. 29, 2025 – China said it will expand government spending and improve how it deploys capital in 2026, aiming to balance supporting growth and containing debt risks. Beijing plans to boost expenditure and strengthen the spending power of local authorities through more effective transfer payments, the Ministry of Finance said in a Sunday statement. The announcement, following a year-end policy meeting, suggests a focus on better coordination between fiscal and financial tools rather than more forceful stimulus measures. “More proactive fiscal policy will be reflected not only in …
Naira appreciates at official market Monday, closing at N1, 456 to dollar
Lagos, Dec. 23, 2025 – The Nigerian currency, the Naira, appreciated at the official foreign exchange market on Monday, closing at N1,456 to the dollar. The currency had closed at N1,466.50 to the dollar at the market on Friday. Bid rates quoted by dealers at the market on Monday ranged between N1,431 and N1,466 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos between N1,480 and N1,490 to the dollar.