Nigeria Nears CBN’s $1bn Monthly Diaspora Remittance Target
Nigeria is moving closer to the Central Bank of Nigeria’s (CBN) $1 billion monthly remittance target, with diaspora inflows reaching $947 million in July 2026. The latest figure puts the…
NAFEM Turnover Surges to $1.41bn as Naira Strengthens
Trading activity on the Nigerian Foreign Exchange Market rose sharply to $1.41 billion on 17 August 2026, marking its highest level in five weeks. Data from the Central Bank of…
GTBank Doubles Naira Card Spending Limit to $40,000
Guaranty Trust Bank (GTBank) has doubled the international spending limit on its Naira-denominated debit cards to $40,000 per quarter, up from the previous $20,000 ceiling. The increase allows retail and…
Nigeria Forex Inflows Hit Five-Month High
Total inflows into the Nigerian Foreign Exchange Market (NFEM) climbed to a five-month high of $4.36 billion in July, driven by stronger Central Bank of Nigeria (CBN) interventions and increased…
