Picture displaying Nigerian naira note being exchanged with the dollar

Naira Strengthens to ₦1,400/$ at Official Market

The Nigerian naira appreciated to approximately ₦1,400 per US dollar at the official Nigerian Foreign Exchange Market (NFEM) on Tuesday, marking its strongest performance since the Central Bank’s forex unification policy reshaped the currency landscape in 2023. The appreciation represents a notable shift from the ₦1,435.75 closing rate recorded on December 31, 2025, and reflects…

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FG Confirms Continuation of Naira-for-Crude Deal

The Federal Government of Nigeria (FG) has announced that the controversial Naira-for-Crude Oil deal will continue, reaffirming its commitment to the policy despite growing concerns and mixed reactions from stakeholders. The announcement comes amid ongoing debates about the effectiveness of the initiative in stabilizing Nigeria’s economy and addressing challenges in the oil sector. The Naira-for-Crude…

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