NGN → USD Rates NFEM (Official) Rate Official Market: Parallel Market: Market Drivers: Imported goods and living costs continue to react quickly to any movement in the foreign exchange market. Analysts attribute the relative stability to balanced demand for school fees and seasonal imports. OUTLOOK: Attention is now turning to the Central Bank of Nigeria’s policy...
Category: Business and Economy
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Daily FX Rate For Tuesday, December 6, 2026.
NGN → USD Rates NFEM (Official) Rate Official Market: Parallel Market: Market Drivers: Imported goods and living costs continue to react quickly to any movement in the foreign exchange market. Analysts attribute the relative stability to balanced demand for school fees and seasonal imports. OUTLOOK: The wide gap between both markets remains under close watch by...
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Daily FX Rate for Monday, December 6, 2026.
NGN → USD Rates NFEM (Official) Rate Official Market: Parallel Market: Market Drivers: Market watchers link the slower divergence to tighter monetary controls and reduced speculative activity. Market analysts note that the volume of liquidity in the official window remains a key factor in price discovery as the government continues its efforts to unify exchange rates....
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President Bola Tinubu’s New Year Message To Nigerians Titles ‘2026: The Beginning Of A More Robust Phase Of Economic Growth’
Fellow Compatriots, I welcome you all to 2026, with gratitude to God and confidence in our collective resolve that this new year will be a more prosperous one for our nation, our citizens, and all who call Nigeria home. During 2025, we sustained the momentum on our major reforms. We had a fiscal reset and...
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Bulgaria Adopts Euro As 21st Eurozone Member
Bulgaria replaced the lev with the euro at a fixed rate of 1 euro = 1.95583 leva, celebrated by the ECB lighting its headquarters in Bulgarian flag colors. EU leaders like Ursula von der Leyen praised the milestone for promising easier payments, travel, and business opportunities, while economists predict modest GDP boosts from investment and...
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Nigerian Former Minister Of Education And Economic Policy Expert Oby Ezekwesili, Writes President Tinubu On Tax Reform Act, Requests Implementation Suspension
PUBLIC MEMORANDUM Subject: Credibility Crisis in the Nigerian Tax Reform Act and the Imperative of Constitutional Accountability To: The President, Federal Republic of Nigeria @officialABAT The Senate President and Members of the Senate @NGRSenate The Speaker and Members of the House of Representatives @HouseNGR @nassnigeria “I write as a citizen and economic policy practitioner who...
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Daily FX rate for Tuesday, December 23, 2025
NGN → USD Rates NFEM (Official) Rate Official Market: Parallel Market: Market Drivers: Regular interventions by the CBN, including foreign exchange auctions, have helped limit sharp movements in the official market. Global crude oil prices also remain critical, as oil exports are Nigeria’s main source of foreign exchange earnings. OUTLOOK: Economic analysts expect the naira to...
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WTO DG Dr. Okonjo-Iweala Returns Home For Christmas Festivity, Joins Governor Otti To Commission First Electric Buses In Abia State
World Trade Organisation Director General Dr. Ngozi Okonjo-Iweala in a post disclosed that she will be spending the Christmas period in her home village located in Abia state while congratulating her state governor Alex Otti for commissioning first set of electric buses in the state. Part of her statement read: “Abia is working hard to...