In the first three months of 2025, ten big Nigerian companies lost a total of ₦22.1 billion because of foreign exchange (FX) challenges. While this is much better than the huge ₦1.18 trillion loss from the same time last year, ₦22 billion is still a lot of money that could eat into profits. If your […]

As we close the first half of 2025 and look forward, Nigeria’s economy is showing signs of slow but steady recovery. However, rising prices remain a big challenge for businesses and consumers alike. Growth: Slow and Steady Wins the Race Different experts have shared their views on Nigeria’s growth for 2025, and while their numbers […]

The Bank of England (BoE) recently signalled a potential rate cut in response to slowing inflation and economic pressures. For Nigerian businesses engaged in cross-border trade, this monetary policy shift could have significant implications for the foreign exchange (FX) market, trade financing, and international payments. As a business leader, CFO, or Treasurer, understanding how this […]

In the first quarter of 2025, Nigeria posted a net foreign exchange (FX) inflow of $15.20 billion, a clear signal that ongoing market reforms are bearing fruit and that investor confidence, both local and from the diaspora, is on the rise. For businesses operating across borders, this heightened FX liquidity creates fertile ground for innovative […]

In Q1 2025, the Central Bank of Nigeria (CBN) reportedly spent $668.8 million in foreign exchange interventions to cushion the Naira against growing market pressures. This information, detailed in a recent AllCO Capital Limited report, highlights the ongoing struggle to stabilise the local currency amidst soaring demand for foreign exchange. Yet, despite this hefty intervention, […]

In 2024, Nigeria recorded N138 trillion in foreign trade volume, a remarkable 106% increase when compared to the N66 trillion recorded in 2023. This surge is largely attributed to the rise of cross-border payment companies like Bluebulb, which have strengthened connections with international payment processes, compliance and fintech solutions. These efforts are empowering businesses to […]

The Naira faced renewed pressure this week amid escalating US-China tradetensions and signi cant oil price drops. USD/NGN settled at NGN 1,599.94,while EUR/NGN and GBP/NGN showed marginal strength against the Naira.Oil prices have plummeted to $60.23 per barrel (-16.89% YTD) following OPEC+’s surprise decision to increase production. Nigeria’s foreign reserves remain stable at $38.4B, providing […]

There’s a popular saying: “When two elephants fight, it’s the grass that suffers.” In this case, the elephants are the United States and China, while Nigeria, like many other nations, finds itself amongst the grass that may bear the brunt of the escalating trade war. To what extent could this conflict impact Nigeria’s foreign exchange […]

Our Easter-themed campaigns “The Highest Exchange” and “No Greater Love” have just been featured on Ads of the World. A proud moment for our in-house marketing team. In the Easter piece, we explored a powerful metaphor: a digital currency board displaying the ultimate trade, freedom for sin. A striking blend of faith and finance, this […]

Businesses face numerous challenges in maintaining stable and efficient supply chains. Disruptions from geopolitical events, economic fluctuations, natural disasters, and global pandemics have highlighted the need for supply chain resilience.  To stay competitive and mitigate risks, businesses must develop strategies that strengthen their supply networks. Here’s how to build a resilient global supply chain. 1. […]