The naira

30 stories in 48 hours · 88 this week

File picture: Nosa Asemota via Wikimedia Commons, CC BY-SA 4.0

Nigeria · 2027 Election 6 h ago

Tinubu: Every Borrowed Naira Must Deliver Infrastructure, Jobs As Nigeria Targets $1trn Economy

President Bola Tinubu says his administration will prioritise borrowing for infrastructure projects capable of creating jobs, boosting productivity and supporting Nigeria's ambition of becoming a $1 trillion economy by 2030. Excerpt, TVC News

Source TVC News

Business · Markets 36 min ago

India's forex kitty shrinks by $1.27 billion as gold reserves slide

Source The Times of India

Business · Banking 23 Oct 11 publications

BREAKING: CBN approves JPMorgan’s plan to establish merchant bank in Nigeria

Source Nairametrics also Channels Television, BusinessDay and 7 more

Business · Economy 28 Oct 3 publications

CBN says over half of industry respondents ready for data localisation by January 2027

Source BusinessDay also Vanguard

Nigeria · Economy 17 Oct 6 publications

No return to fuel subsidy, multiple exchange rates, Oyedele insists

Source Premium Times also BusinessDay, Nigerian Tribune and 2 more

Business · Economy 29 Oct

CBN: 57% of Financial Institutions Ready for Data Localisation Deadline

Source ThisDay

Business · Companies 29 Oct 2 publications

Fidson Healthcare’s nine-month profit jumps 47% as FX pressure eases

Source BusinessDay

Business · Economy 12 h ago

Private-sector council proposes use of forex surplus to cover fiscal measures

Source The Japan Times

Business · Banking 29 Oct

CBN Data localization rule: Only 59% of banks, fintechs ready for January deadline

Source Nairametrics

Nigeria · 2027 Election 23 h ago 5 publications

From reforms to delivery: Our infrastructure investment and growth strategy

Source BusinessDay also ThisDay, Nigerian Tribune and 1 more

Business · Economy 29 Oct

CBN, NITDA renew call for local storage of payment data as January 2027 deadline nears

Source Nigerian Tribune

Business · Finance 16 h ago 2 publications

Cabotage vessel fund held in naira, not dollars, ex-NIMASA chief says

Source BusinessDay

Nigeria · Economy 20 Oct

Naira depreciates against dollar at official FX market

Source Nigerian Tribune

Timeline

Sunday 25 October

Saturday 24 October

FMDQ turnover hits N551.23 trillion in nine months as FX, OMO lead Nairametrics
CBN grants JP Morgan approval-in-principle to set up merchant bank Premium Times
CBN intensifies effort to improve financial system inclusion in Nigeria Nigerian Tribune
JP Morgan: Sarah Alade’s return to banking governance after shaping Nigeria’s monetary policy BusinessDay +1
Naira dips, sheds N17/$ at official FX market Nigerian Tribune
Sundowns coach Miguel Cardoso admits failure after CAF Champions League's shock exit IOL
Clean house or face defeat in 2027 — Onoh tasks Tinubu over claims of multi-billion Naira ministerial slots Vanguard
UBA, Access, First HoldCo face fresh test as CBN dividend restrictions linger BusinessDay +1

Friday 23 October

Thursday 22 October

Wednesday 21 October

Yesa shows Nigerians the exact figure before they sell or buy crypto Daily Trust
Miguel Cardoso brushes off Steve Komphela tunnel brawl ahead of Wiliete decider in CAF IOL
Naira settles at N1,778/£ as British Pound advances against US dollar Nairametrics
Naira weakens to N1,334.99/$ as dollar falls in global markets Nairametrics
J.P. Morgan nears launch of first African merchant bank BusinessDay +1
CBN approval still pending as JPMorgan pursues Nigeria banking licence The Sun Nigeria
JPMorgan lodges N50bn with CBN for banking licence Punch
FX crisis, costly subsidies forced FG to print over N30trn –Oyedele The Sun Nigeria

Tuesday 20 October

‘American Horror Story’ Renewed For Season 14 At FX Deadline +2
EFCC, Emefiele differ over evidence in alleged fraudulent $6.23m CBN withdrawal, contract fraud trial Premium Times
Deutsche Bank Sees More Naira Gains, Flags Government Borrowing Risk TVC News
JPMorgan deposits N50 billion with CBN as Nigeria banking licence bid advances Nairametrics
JPMorgan Deposits ₦50bn With CBN, Moves Closer To Nigerian Banking Licence TVC News
JP Morgan to secure Nigerian banking licence after N50 billion deposit with CBN – Report Premium Times
Naira steadies at N1,333/$ as dollar demand remains elevated Nairametrics
CBN forex spot sales hit $1.64 billion in H1 2026 Nairametrics

Monday 19 October

Sunday 18 October

Saturday 17 October

Nigeria remains Africa’s third-largest economy at $386.7 billion in latest rankings, but weak naira and 63% poverty rate weigh on the former economic giant Business Insider Africa
Nigeria’s stability will attract long-term investment — Cardoso Vanguard
No return to fuel subsidy, multiple exchange rates, Oyedele insists Premium Times +5
Cardoso calls for stronger govt-private sector collaboration Nigerian Tribune