Money

The naira held a steady but cautious line against the US dollar in early trading on Wednesday, January 7, 2026, as the market eased back into normal activity after the festive season. Data from the Nigerian Foreign Exchange Market (NFEM) and informal market checks suggest the currency is trading in…

The naira started the first full trading Friday of 2026 with steady movement against the US dollar. People are watching closely because business activities are returning after the holidays, and demand for dollars may rise. Official Rate In the official market (NFEM), the dollar was selling at about ₦1,446.62 to…

The Nigerian Naira held broadly steady against the US Dollar on Tuesday, December 23, 2025, as trading began in both the official and parallel foreign exchange markets. This relative calm comes as the Central Bank of Nigeria (CBN) continues its efforts to manage liquidity and stabilise rates within the Nigerian…

According to Chainalysis’ latest Crypto Crime Report, the global cryptocurrency industry lost more than $3.4 billion to theft in 2025, with groups linked to North Korea responsible for a large share of the stolen funds.  The report estimates that North Korea-linked actors stole at least $2.02 billion in crypto in…

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has confirmed that the Federal Government will miss its 2025 revenue target by about ₦30 trillion. Instead of the ₦40.8 trillion projected to fund the ₦54.9 trillion “budget of restoration,” federal revenue is now expected to close the…