Nigeria’s FX

Money market, Top Story

Nigeria’s FX direct remittances surges to $180m

…As FG spends ¦ 8.47trn on external debt servicing By Seun Ibiyemi Nigeria has allocated approximately ¦ 8.47 trillion ($5.47 billion) towards external debt servicing between January 2024 and February 2025, underscoring the mounting pressure on government revenue and the…

NewsDirect
March 17, 2025

Money market

Nigeria’s FX reforms pose challenges for businesses as Naira depreciates

Businesses in Nigeria, regardless of their size, are currently facing challenges due to the foreign exchange reforms implemented by President Bola Tinubu. These reforms have led to a significant depreciation of the naira, making it more difficult for businesses to…

NewsDirect
September 15, 2023