Africa's Top Foreign Exchange and Gold Reserves 2026
Libya leads African nations with $92.9 billion in foreign reserves, ranking 31st globally. The World Gold Council lists Ghana, Mali, and South Africa as top gold producers.
Category : Economy
Tax Reforms, Fuel Prices Slow Nigerian Business Growth in January 2026
Nigeria's business confidence fell to a six-month low in January 2026 due to rising operating costs from revised taxes and fuel price adjustments, according to NESG data.
Naira Hits Record High Against Dollar in Official Market
The Nigerian naira surged to N1,372.91 per US dollar in the official market, gaining N17.45 without CBN intervention as external reserves rose to $46.59 billion.
World Bank $250B Procurement for Nigerian Firms
The World Bank has launched a $250 billion global procurement window, inviting Nigerian firms to bid for contracts across infrastructure, health, education, and other sectors worldwide.
FAAC Allocates N1.97 Trillion to FG, States, LGs
The Federal Accounts Allocation Committee disbursed N1.969 trillion from December 2025 revenue to all government tiers, with VAT receipts showing significant growth.
Why Cement Prices Remain High in Nigeria Despite Local Production
Agora Policy reveals that weak competition and market concentration, not production costs, drive high cement prices in Nigeria despite surplus local capacity.
AI Platform Fights Predatory Loan Apps in Nigeria
Andray Finance introduces an innovative SaaS platform using artificial intelligence to tackle unethical lending practices in Nigeria's digital credit market, promoting financial dignity and inclusion.
Naira Gains as Dollar Drops N50 in Black Market
The Nigerian naira shows remarkable strength as the US dollar crashes by N50 in the parallel market. Traders confirm new exchange rates for major currencies amid positive economic indicators.
10 Spending Habits to Cut for Financial Success
Practical Nigerian money advice: Stop buying these 10 things to reach your financial goals faster. Learn how to control quiet spending and prioritize your future.
Naira Gains 3.6% as Foreign Investors Return to Nigeria
Nigeria's naira appreciated 3.6% in January, its strongest monthly performance in nearly two years, driven by foreign investor inflows and rising external reserves.
FG Launches Free Financial Training for 10 Million Nigerians
The Federal Government has launched a nationwide financial literacy program targeting 10 million Nigerians, with special focus on youth and women empowerment through digital skills and investment knowledge.
Food Prices Fall Across Nigeria as Inflation Eases
Staple food prices including rice, beans, and garri have decreased significantly across Nigeria, providing much-needed relief to households after months of inflationary pressure.
World Bank Job Vacancy for Qualified Nigerians Announced
The World Bank has announced a major job vacancy for qualified Nigerians as Regional Industry Director for Infrastructure and Natural Resources in Africa. The position requires advanced qualifications and extensive experience.
FG Releases N2.45tn Non-Oil Funds to States
The Federal Government has disbursed N2.45 trillion from non-oil revenue savings to states and FCT between March 2024 and August 2025 to support infrastructure and security projects nationwide.
Lagos Leads Nigeria's VAT Contributions in 2025
Lagos State accounted for 52% of Nigeria's non-import VAT in 2025, with South-West geopolitical zone leading regional contributions. New tax reforms may redistribute revenues.
Nigeria's External Reserves Rise to $46.11 Billion
Nigeria's external reserves increased by $66 million to $46.11 billion in January 2026, boosted by higher oil prices and foreign inflows, while the naira strengthened to near two-year highs.
CBN Updates Customs Rate as Naira Strengthens Against Dollar
The Central Bank of Nigeria has revised the exchange rate for customs duty clearance following sustained naira appreciation, with Nigeria's external reserves hitting an eight-year high.
Naira Hits Four-Year High Against Dollar in Nigeria
The Nigerian naira strengthens significantly against the US dollar, reaching N1,386.55 in official markets. Positive trends in both official and parallel markets signal improving foreign exchange stability.
Gold, Silver Prices Tumble After Trump's Fed Nomination
Gold and silver prices fell sharply as Trump's nomination of Kevin Warsh to head the Federal Reserve eased concerns about central bank independence, while global markets showed mixed performance.
Naira Appreciates to N1,396.99 as Dollar Crashes
The Nigerian naira has surged to a two-year high of N1,396.99 per dollar, with analysts attributing the rally to growing confidence in economic reforms and favorable global trends.
Naira Hits ₦1,392/$ High as CBN Adjusts Rates, Reserves Rise
Nigeria's naira surges to ₦1,392 per dollar, its strongest level in two years, supported by CBN reforms, rising external reserves, and favorable oil prices. Analysts express cautious optimism for sustained gains.
Traders Fair 2026 Returns to Lagos for Financial Summit
Lagos prepares to host Traders Fair 2026 at the Lagos Continental Hotel on April 10, 2026. This major financial event brings together traders, investors, and fintech leaders for education, networking, and industry insights.
Free Registration for 250,000 MSMEs via SMEDAN
The Federal Government has approved free registration for 250,000 micro, small and medium enterprises through SMEDAN's digital portal to boost formalization and economic recovery.
Dollar Crashes to 4-Year Low, Naira Strengthens
The US dollar has fallen to its weakest level in four years, prompting global currency movements. The Nigerian naira appreciates against the dollar but faces pressure from other major currencies.
London vs Lagos: Cost of Living for Nigerians
A detailed comparison of living expenses for Nigerians in London versus Lagos, covering rent, food, transport, utilities, healthcare, and salary differences.
Naira Hits Two-Year High, Reserves at 8-Year Peak
Nigeria's currency strengthens to N1,400.47 per dollar in official market while external reserves climb to $46.012 billion, signaling economic recovery and stability.
Davos 2026: CEO Urges Global Capital for Africa Growth
At World Economic Forum, Christopher Aleo of iSwiss Pay advocates for fintech, clean energy investments and Europe-Africa partnership to unlock Africa's economic potential.
Naira Hits Record ₦1,400 to Dollar in Official Trading
The Nigerian naira strengthened to a record high of ₦1,400 to the US dollar in official trading, continuing an appreciation trend driven by CBN reforms and improved forex liquidity.
Nigeria's Reserves Hit $46bn, Highest in 8 Years
Nigeria's foreign exchange reserves surge to $46.012 billion, the highest level since 2018, driven by petroleum reforms and increased crude production, offering optimism for the naira's stability.
Naira Hits ₦1,401.22 High as External Reserves Rise
Nigeria's naira appreciates sharply to ₦1,401.22 per dollar in official market, marking strongest performance since FX reforms. Rising external reserves boost confidence amid global oil price concerns.
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