The recent directive from the Central Bank of Nigeria (CBN) regarding mandatory geo-fencing compliance and the expansion of the operational radius for Point-of-Sale (PoS) terminals to 70 metres has triggered widespread discussions across major financial hubs. In active currency exchange…
The Central Bank of Nigeria (CBN) has officially announced an extension for the mandatory geo-fencing compliance directive targeted at Point-of-Sale (PoS) terminals across the country. According to a recent circular signed by Rakiya Mohammed, Director of the Payments System Supervision…
For small and medium enterprises (SMEs) operating in Abuja, managing foreign exchange risks has become a vital part of daily business survival. Sudden movements in the parallel market can easily affect profit margins, especially for businesses that rely on importing…
Foreign remittances play a crucial role in Nigeria’s economy, as thousands of families and small businesses rely on funds sent from abroad. When receiving money in foreign currencies like the US Dollar (USD), British Pound (GBP), or Euro (EUR), one…
As we enter the month of June 2026, the Nigerian foreign exchange market continues to show dynamic movements that capture the attention of smart investors and regular business owners. Understanding the shifts in liquidity and economic policy indicators is highly…
Dollar Investment and Exchange in Abuja: Risks, Rates andWhat to Know Dollar Investment in Abuja is often discussed by Nigerians looking for ways to reduce the impact of Naira depreciation or hold part of their savings in a foreign currency.…
Zone 4 Abuja is widely known as one of the major foreign-exchange trading areas in Nigeria’s capital. It is often associated with active buying and selling of the US Dollar, British Pound, Euro and other foreign currencies. This article explains…
The Nigeria foreign exchange market is shaped by a mix of official-market activity, parallel-market demand, liquidity conditions, monetary policy and broader economic developments. This guide explains how the market works, why parallel-market rates can differ from official rates, and the…
The Dollar to Naira market update changes from day to day as foreign-exchange demand, supply, liquidity and broader economic conditions shift across Nigeria. Rather than focusing only on a single exchange-rate figure, this page explains some of the major forces…