Fitch Revises Nigeria’s Economic Outlook to Positive, Maintains B Rating
International credit rating agency Fitch Ratings has revised Nigeria's long-term economic outlook from stable to positive while maintaining the country's...
Tag Archives: #ForeignExchange
Uganda’s Shilling Faces Further Pressure as Demand for US Dollars Rises
Uganda’s shilling is expected to face further pressure against the United States dollar as businesses increase their demand for foreign...
Naira Gains at Official Market as Parallel Rate Gap Widens to 5.4%
The naira strengthened at Nigeria’s official foreign exchange market in August, supported by improved dollar liquidity and foreign exchange inflows,...
Nigerian Stocks Rise 2.36% as Naira Strengthens and FX Reserves Hit $54bn
Nigeria’s equities market closed the week on a bullish note, with the All-Share Index rising by 2.36 per cent to...
External Reserves Hit $54bn as Naira Gains Ground
Nigeria’s external reserves have risen to $54bn, reaching their highest level since 2008 and providing a boost to foreign exchange...
NASD OTC Market Retreats as Macroeconomic Pressures and Global Energy Costs Dominate Sentiment
Beyond the main exchange, activity across alternative trading platforms and macroeconomic indicators reflected a cautious stance among investors, influenced by...
Naira Strengthens to N1,332.94 as Nigeria’s FX Market Gains Support
Naira Appreciates at Official FX Market The naira recorded a fresh gain at the Nigerian Foreign Exchange Market, NAFEM, closing...
Nigeria Records $3.8bn Remittance Inflows in Seven Months, Up 50.2%
Nigeria Records $3.8bn in Remittance Inflows Nigeria recorded $3.8 billion in remittance inflows through International Money Transfer Operators, IMTOs, in...
Nigeria’s FX Utilisation Hits Record $34.59 Billion in First Half of 2026
Nigeria’s Foreign Exchange Utilisation Hits Record Level Nigeria's total sectoral foreign exchange utilisation rose to a record $34.59 billion in...
Uganda Proposed “Sovereignty Bill” Could Hit Forex Reserves and Fuel Inflation, Central Bank Warns
A proposed Ugandan law, the Protection of Sovereignty Bill 2026, could significantly reduce foreign exchange inflows and trigger inflationary pressures,...
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