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Finance
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Naira Exchange Rates: July 13, 2026 Update
On July 13, 2026, the naira traded at ₦1,382.33 in the official market while maintaining a higher rate in the parallel market due to persistent demand.
Nigerian Equities Market Recovers with N9.3 Trillion Gain
The Nigerian stock market bounced back last week, adding N9.3 trillion to investor value as shares in major companies like Dangote Cement and Airtel Africa surged.
Naira Weakens Against Dollar on July 10, 2026
The Naira dipped slightly in the official market on Friday while remaining unchanged in the parallel sector, despite a recent increase in Nigeria's foreign reserves.
Providus Bank clients threaten departure following widespread card security breaches
Disgruntled Providus Bank customers are threatening to abandon the institution after alleged card security breaches resulted in significant financial losses and the bank failed to provide a clear response.
US Dollar to Nigerian Naira Exchange Rates for July 10, 2026
On July 10, 2026, the Nigerian naira held steady against the dollar at ₦1,375.94 in the official market, while parallel market rates fluctuated between ₦1,410 and ₦1,425.
Central Bank Confirms N100 Note Status as Valid Currency
The Central Bank of Nigeria has confirmed that the standard N100 note remains valid tender following reports of businesses rejecting the currency.
How proposed legal changes might impact the finances of unmarried partners
New government proposals in England and Wales aim to grant legal protections to unmarried cohabiting couples regarding inheritance and financial disputes, potentially altering how assets are managed during separation or after a death.
Nigerian Naira Faces Decline Across Currency Markets on July 3, 2026
The Nigerian Naira weakened in both official and black market trading on Friday, July 3, 2026, despite a rise in the nation's external reserves.
Naira Gains Value Against Dollar Across Markets
The naira recorded gains in both the official and parallel markets as the exchange rate gap narrowed significantly.
Depositors face partial recovery as CBN shuts 46 microfinance banks
Bank Customers’ Association of Nigeria President Dr. Uju Ogunbunka warns that the revocation of 46 microfinance bank licenses will cause widespread financial hardship, incomplete deposit recovery, and a potential decline in national financial inclusion.