foreign exchange – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 11 Apr 2026 13:05:26 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png foreign exchange – InfoStride News https://www.theinfostride.com 32 32 Comprehensive Assessment of President Bola Tinubu’s Administration: 2023 to April 2026 https://www.theinfostride.com/comprehensive-assessment-of-president-bola-tinubus-administration-2023-to-april-2026/ https://www.theinfostride.com/comprehensive-assessment-of-president-bola-tinubus-administration-2023-to-april-2026/#respond Sat, 11 Apr 2026 12:31:47 +0000 https://www.theinfostride.com/?p=481462 The administration of President Bola Ahmed Tinubu, which assumed office on 29 May 2023, has presided over one of the most far-reaching periods of structural realignment in Nigeria’s recent political economy. From the start, the presidency introduced fiscal and monetary measures to address long-standing inefficiencies in how public resources are managed. These measures, often described [...]

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]]> https://www.theinfostride.com/comprehensive-assessment-of-president-bola-tinubus-administration-2023-to-april-2026/feed/ 0 Nigeria’s Foreign Reserves Rise by $900m in Three Days https://www.theinfostride.com/nigerias-foreign-reserves-rise-by-900m-in-three-days/ https://www.theinfostride.com/nigerias-foreign-reserves-rise-by-900m-in-three-days/#respond Wed, 25 Feb 2026 10:42:53 +0000 https://www.theinfostride.com/?p=466036 Nigeria’s foreign exchange reserves have recorded a significant boost, gaining about $900 million within a three-day period, marking one of the fastest short-term increases seen in recent times. The surge, according to financial analysts and market watchers, reflects a combination of improved inflows from crude oil sales, increased investor confidence, and recent monetary and fiscal [...]

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]]> https://www.theinfostride.com/nigerias-foreign-reserves-rise-by-900m-in-three-days/feed/ 0 Naira Strengthens to 10-Month High Amid Rising Foreign Exchange Inflows https://www.theinfostride.com/naira-strengthens-to-10-month-high-amid-rising-foreign-exchange-inflows/ https://www.theinfostride.com/naira-strengthens-to-10-month-high-amid-rising-foreign-exchange-inflows/#respond Mon, 13 Oct 2025 11:45:25 +0000 https://www.theinfostride.com/?p=468969 The Nigerian naira has surged to its strongest level in ten months, buoyed by a steady rise in foreign exchange inflows, improved liquidity in the market, and renewed confidence from both investors and exporters. The latest data from the Central Bank of Nigeria (CBN) and market reports indicate that the local currency has appreciated significantly [...]

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]]> https://www.theinfostride.com/naira-strengthens-to-10-month-high-amid-rising-foreign-exchange-inflows/feed/ 0 Foreign Exchange Stability Seen as Key Driver of Further Inflation Decline – Report https://www.theinfostride.com/foreign-exchange-stability-seen-as-key-driver-of-further-inflation-decline-report/ https://www.theinfostride.com/foreign-exchange-stability-seen-as-key-driver-of-further-inflation-decline-report/#respond Mon, 15 Sep 2025 17:28:51 +0000 https://www.theinfostride.com/?p=466636 A new economic report has projected that Nigeria’s inflation rate may continue on its downward trajectory in the coming months if the relative stability being witnessed in the foreign exchange market is sustained. The analysis, which reviewed recent macroeconomic indicators, highlighted how improved foreign exchange liquidity, reduced volatility in the naira, and stronger monetary policy [...]

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]]> https://www.theinfostride.com/foreign-exchange-stability-seen-as-key-driver-of-further-inflation-decline-report/feed/ 0 World Bank Alert: Forex Woes Drive Remittances Underground in Sub-Saharan Africa https://www.theinfostride.com/world-bank-alert-forex-woes-drive-remittances-underground-in-sub-saharan-africa/ https://www.theinfostride.com/world-bank-alert-forex-woes-drive-remittances-underground-in-sub-saharan-africa/#respond Wed, 27 Dec 2023 23:02:05 +0000 https://www.theinfostride.com/?p=365760 In its recent Migration and Development Brief released in December titled “Leveraging Diaspora Finances for Private Capital Mobilization,” the World Bank underscored the impact of foreign exchange issues, specifically fixed exchange rates and capital controls, on remittance inflow in the Sub-Saharan region. The report, which was originally covered by Infostride News, highlighted the diversion of [...]

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]]> https://www.theinfostride.com/world-bank-alert-forex-woes-drive-remittances-underground-in-sub-saharan-africa/feed/ 0 FMDQ attracted N411bn worth of securities in 2020 https://www.theinfostride.com/fmdq-attracted-n411bn-worth-of-securities-in-2020/ https://www.theinfostride.com/fmdq-attracted-n411bn-worth-of-securities-in-2020/#respond Mon, 09 Aug 2021 18:07:47 +0000 https://www.theinfostride.com/?p=303359 Amid the harsh operating environment, FMDQ Securities Exchange’s activation of market penetration strategy for securities-related services attracted a total of 21 securities valued at about ₦411 billion in 2020. At the exchange virtual 9th yearly general meeting held at the weekend, the Group Chairman, Dr. Kingsley Obiora, said 2020 was a landmark year for FMDQ, [...]

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]]> https://www.theinfostride.com/fmdq-attracted-n411bn-worth-of-securities-in-2020/feed/ 0 Our Creative Sector Can Boost Foreign Exchange Earnings – Lai Mohammed https://www.theinfostride.com/our-creative-sector-can-boost-foreign-exchange-earnings-lai-mohammed/ Tue, 28 Nov 2017 14:38:13 +0000 http://www.theinfostride.com/?p=190802 Alhaji Lai Mohammed has said that the Federal Government is ready to support individuals and stakeholders to collectively develop the creative sector. “The industry is huge and capable of boosting foreign exchange earnings.” “The industry is capable of generating millions of employment and boosting Internally Generated Revenue (IGR) for the government.” “The government is working [...]

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]]> Dambazau urges FG to implement Executive Order 003 to boost Nation’s Economy https://www.theinfostride.com/dambazau-urges-fg-to-implement-executive-order-003-to-boost-nations-economy/ Sat, 05 Aug 2017 19:35:19 +0000 http://www.theinfostride.com/?p=176768 Nigeria’s Minister of Interior, Lt Gen. (Rtd) Abdulrahman Bello Dambazau, has disclosed that the implementation of Executive Order 003 will enhance the nation’s economy and save foreign exchange for the country. Gen. Dambazau stated this when he received the Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar, who was in the Ministry [...]

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]]> CBN Injects $195M Into Foreign Exchange Market https://www.theinfostride.com/cbn-injects-195m-into-foreign-exchange-market/ Thu, 29 Jun 2017 06:55:39 +0000 http://www.theinfostride.com/?p=170049 Following its 800 million dollars intervention in the inter-bank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria (CBN), on Monday, injected 195 million dollars into the market to meet the requests of customers in the various segments of the market. The acting Director, Corporate Communications, Mr Isaac Okorafor, said in a statement [...]

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]]> Foreign Exchange Regime Might Not Favour Anyone – CBN https://www.theinfostride.com/foreign-exchange-regime-might-not-favour-anyone-cbn/ Sun, 29 Jan 2017 23:01:41 +0000 http://www.theinfostride.com/?p=155294 The Central Bank of Nigeria (CBN), says the sale of foreign exchange (FX) under the new policy is transparent and not intended to benefit any individual or corporate body. Acting Director of Corporate Communications, CBN, Mr Isaac Okorafor in Abuja on Sunday, insisted that its FX policies were not meant to favour special interests. According [...]

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]]> Senate Rejects Proposal To Jail People Hoarding Foreign Currency https://www.theinfostride.com/senate-rejects-proposal-to-jail-people-hoarding-foreign-currency/ Tue, 22 Nov 2016 11:03:19 +0000 http://www.theinfostride.com/?p=148974 The Senate has rejected a recommendation by the Nigerian Law Reform Commission to jail people hoarding foreign currencies. The Commission had recommended the review of the Nigerian Foreign Exchange Act to empower the Central Bank of Nigeria (CBN) to jail any bureau de change operator who holds on to foreign currency for more than 30 [...]

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]]> CBN Sells Dollars For Fourth Day To Boost Foreign Exchange Liquidity https://www.theinfostride.com/cbn-sells-dollars-for-fourth-day-to-boost-foreign-exchange-liquidity/ Thu, 23 Jun 2016 19:44:46 +0000 http://www.theinfostride.com/?p=133448 Central Bank Nigeria (CBN) is selling dollars on the inter-bank market for the fourth day to ease dollar shortages after it floated the currency, traders said. The naira traded at 283 to the dollar at 1249 GMT, on volumes of $76.8 million, which traders attributed to the central bank intervention. The inter-bank market opened at [...]

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]]> Dangote Got A Fistful Of Dollars In Nigerian Currency Squeeze https://www.theinfostride.com/dangote-got-a-fistful-of-dollars-in-nigerian-currency-squeeze/ Thu, 23 Jun 2016 19:29:10 +0000 http://www.theinfostride.com/?p=133443 As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa’s richest man. When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Dangote landed a healthy share of dollars available [...]

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]]> Money Laundering: Convicted Suspect Forfeits $86,000 To Federal Government https://www.theinfostride.com/money-laundering-convicted-suspect-forfeits-86000-to-federal-government/ Fri, 17 Jun 2016 17:02:18 +0000 http://www.theinfostride.com/?p=132602 The Economic and Financial Crimes Commission (EFCC) yesterday, June 16 obtained conviction on a case of suspected Money Laundering brought against Samuel Duru before Justice M.N Yinusa of the Federal High Court, Enugu. Duru was charged for failure to declare the sum of Eighty Six Thousand United States Dollars ($86,000.00) out of a total sum [...]

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]]> We’ve No Powers To Reverse The Restriction Placed On The Use Of Nigerian ATM Card Abroad – CBN https://www.theinfostride.com/weve-no-powers-to-reverse-the-restriction-placed-on-the-use-of-nigerian-atm-card-abroad-cbn/ Tue, 29 Dec 2015 23:11:40 +0000 http://www.theinfostride.com/?p=115808 The Central Bank of Nigeria (CBN) has disclosed it had no powers to reverse the restriction placed by the Deposit Money Banks (DMBs) on the use of the ATMs abroad. Although, it was in support of the decision as it would assist in reducing the pressure on the naira. The apex bank has explained that [...]

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]]> Fuel Scarcity: DPR Sets Up 24-Hour Special Task Force To Monitor Depots, Filling Stations https://www.theinfostride.com/fuel-scarcity-dpr-sets-up-24-hour-special-task-force-to-monitor-depots-filling-stations/ Fri, 25 Dec 2015 12:40:24 +0000 http://www.theinfostride.com/?p=115260 A 24-hour special task force has been setup by the Department of Petroleum Resources (DPR) to supervise and monitor petrol sales at depots and stations. It said the task force would sanction depots and stations selling above the recommended price. Assistant Director, Public Affairs in DPR, Mrs Dorothy Bassey,  disclosed this in telephone interview with [...]

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]]> FX Liquidity: Nigerian Banks Struggling To Meet Forex Obligations As CBN Refuses To Devalue The Naira https://www.theinfostride.com/fx-liquidity-nigerian-banks-struggling-to-meet-forex-obligations-as-cbn-refuses-to-devalue-the-naira/ Tue, 22 Dec 2015 09:18:03 +0000 http://www.theinfostride.com/?p=114510 According to Renaissance Capital in a report entitled: “Nigerian banks struggling for FX liquidity”, Nigerian banks are struggling to meet the $5billion foreign exchange obligations to importers and correspondent banks, The report stated that due to the inability to access foreign exchange from the Central Bank of Nigeria (CBN), banks are having challenges sourcing dollars [...]

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]]> CBN Set To Ban Street Trading Of Foreign Currencies From January 1, 2016 https://www.theinfostride.com/cbn-set-to-ban-street-trading-of-foreign-currencies-from-january-1-2016/ Thu, 17 Dec 2015 00:26:22 +0000 http://www.theinfostride.com/?p=113272 The management at Central Bank of Nigeria (CBN) has set out the guidelines for the operations of Bureau de Change (BDCs) operators in Nigeria. The guidelines, which are contained in the CBN’s latest circular, has prohibited the age-long practice of hawking foreign exchange on the streets, common in Lagos, Abuja, Port-Harcourt and some major northern [...]

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]]> Soludo Condemns Treasury Single Account, Says It Is Inconsistent With The Objectives Of Creating Jobs, Reducing poverty https://www.theinfostride.com/soludo-condemns-treasury-single-account-says-it-is-inconsistent-with-the-objectives-of-creating-jobs-reducing-poverty/ https://www.theinfostride.com/soludo-condemns-treasury-single-account-says-it-is-inconsistent-with-the-objectives-of-creating-jobs-reducing-poverty/#comments Fri, 20 Nov 2015 11:45:32 +0000 http://www.theinfostride.com/?p=107904 Former Governor of the Central Bank of Nigeria (CBN) Professor Charles Soludo has shown over the years that he is never scared to air his views. He has spoken again, now faulting the implementation of the Treasury Single Account (TSA) by the Federal Government and the policy regime of foreign exchange restrictions of the CBN. [...]

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