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International Market Outlooks and Insights

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Our head trader gives his insight on this week's major currency movement


latest news and Security

Nigeria to be leading economy by 2030 (26 July 14)
Despite the ongoing challenges of terror and poverty  More...

1st made-in-Nigeria passenger cars rolled off assembly line (26 July 14)
The cars are Nissan models made in a joint venture  More...

Clash Between Nigerian Soldiers, Shiites: 12 Dead (26 July 14)
Shiites marched in Kaduna State to express sympathy with the plight of Palestinians  More...

Top 10 Ebola Virus Afflicted Countries (26 July 14)
Global data on the Ebola Virus Outbreak  More...

Nigeria confirms first Ebola death (26 July 14)
Ebola outbreak that has left more than 660 people dead across West Africa  More...

Has Ebola spread to Nigeria? (25 July 14)
Liberian man is being tested for the deadly virus in Lagos  More...

Nigeria’s growing middle class offers retail riches, and danger (25 July 14)
Emerging middle class becomes more aspirational  More...

 


 

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CBN Exchange Rates


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Updated:5 July 2013

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featured articles

hEALTHCARE iN nIGERIA

We get lots of emails asking us about healthcare facilities, health insurance, medical risks and treatments in Nigeria.

We have put together a quick guide that covers the most frequently asked questions we have received on this subject. You can read it here...

 

An emerging threat? Piracy And the Gulf Of Guinea

West Africa has seen a steady growth in pirate attacks in recent years, with reported incidents of piracy increasing 42 percent in 2011.

Given the Gulf of Guinea’s relative economic importance, this piracy, if left unchecked, may have a surprising impact not only regionally, but globally

Nigeria: A Retailer's Market

Lured by its clear potential – a large population, positive macro-economic growth and a strong appetite for consumer goods – chains both foreign and local are dramatically expanding their domestic retail footprint.

The lifting of an eight-year ban on the import of garments in December 2011 has also opened the door to foreign brands

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People Demand Protection From Their Police

The Boko Haram violence (which has left over 1,600 dead in the last three years) has caused a national uproar over the general lack of law and order throughout the country and the continuing government corruption that is at the core of all that is wrong in the country

the Militias Are Massing

The army is providing equipment and advice to churches and mosques to assist in defeating terror attacks. Off the coast of the Niger River Delta, attacks on service boats (for offshore wells) are increasingly common. But the menace of Boko Haram continues to be the main focus for all Nigerians and observers.

Please Don't Fight back

The U.S. has offered Nigeria assistance in going after drug smuggling and distribution gangs. Nigeria has accepted, in part because al Qaeda, and possibly Boko Haram, have become allies of the drug gangs. This was not done because the Islamic radicals approve of drugs (they don't, officially) but because it’s a quick way to obtain lots of cash to finance terrorist

War on Christians Escalates

Boko Haram related violence has left over 700 dead so far this year. Boko Haram keeps warning Christians to either convert to Islam or die. Moslem and Christian leaders are giving more speeches about avoiding religious warfare. The Christians in the south have restrained themselves and not retaliated (much) against their Moslem minority. But in the north???

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