Tag: CBN
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CBN Gives IOCs 100% Access to FX Earnings. How Will This Impact the Naira?
By Solomon Izevbekhai On March 25, 2026, the Central Bank of Nigeria did something quiet with loud implications. It issued a circular scrapping the cash pooling requirement for International Oil Companies such as Shell, Chevron, ExxonMobil, TotalEnergies, and Eni (Agip), granting them full, unrestricted access to their foreign exchange earnings, thereby reducing dollar supply. If…
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Holding the Line: How the CBN is Quietly Fighting to Keep the Naira Stable in 2025
A quiet battle has been unfolding at the Central Bank of Nigeria. It’s not the dramatic stuff that makes the evening news, but it’s the steady, strategic work that determines the exchange rate, inflation rate, and other economic indices. The naira’s stability isn’t accidental. It’s the result of deliberate interventions, policy adjustments, and strategic decisions…
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Naira Won’t Drop Beyond N1600 in H2 2025: Here is What Analysts Have to Say
For African businesses engaged in cross-border trade, the exchange rate is a competitive advantage. Recent market analysis suggests that the Nigerian naira is unlikely to depreciate beyond ₦1,600 to the US dollar in the second half of 2025. This forecast, supported by economic data and policy trends, gives businesses a valuable window to plan and…
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Beyond Speed: The True ROI of Faster Global Settlements.
In international trade and corporate finance, speed often takes centre stage in discussions around payments. Business leaders talk about “fast transfers” and “instant settlements” as if they were just about convenience. But when you look deeper, faster global settlements aren’t just about speed — they’re about measurable business impact. At Bluebulb, we’ve seen firsthand how…
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Naira Card for Global Payments: What This Means for Nigerian Businesses
After years of restrictions, Nigerian banks have resumed international transactions on Naira debit cards. This move, following a wave of FX policy reforms, marks a potential turning point for businesses, especially SMEs and digital enterprises that rely on cross-border services and suppliers. But what does this mean for your business? A Brief Background: What Changed?…
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Policies That Have Shaped the Nigerian Currency Market in 2025
The Nigerian currency market in 2025 has been shaped by policies and choices that affect liquidity, pricing, and settlement windows for corporates. Over the past months, the Central Bank of Nigeria (CBN) and other policymakers have introduced reforms and interventions designed to stabilise the naira, tighten governance of FX markets, and improve predictability for businesses…
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Behind the $41 Billion FX Reserve Projection: Why Nigerian Businesses Should Still Be Cautious
Introduction: Nigeria’s FX Reserves Are Rising In the face of recent economic challenges, Nigeria’s foreign exchange (FX) reserves are projected to reach $41 billion by year-end, representing a potential increase from the current level of just under $34 billion. On the surface, this sounds like welcome news; more reserves typically signal improved currency stability and…
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Oil vs. Currency: How Oil Prices Shape the Currency Markets
Introduction: Why Oil Still Matters in Currency Markets Oil is not just fuel; it’s a market mover. For many oil-exporting nations, such as Nigeria, oil prices not only affect government revenues but also impact the overall health of the economy, the stability of exchange rates, and investor confidence. Currency values tend to rise when oil…
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Ghana’s Cedi Becomes the World’s Best-Performing Currency in 2025: A Case Study for African Businesses
In a surprising twist to the currency stories of 2025, Ghana’s cedi has emerged as the world’s best-performing currency, gaining nearly 40–50% against the US dollar between January and June. At a time when many African currencies, like Nigeria’s naira or Egypt’s pound, have struggled under the weight of inflation, devaluation, and forex (FX) scarcity,…
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Nigeria’s Top 5 Inflation Drivers in April 2025
In April 2025, Nigeria’s inflation rate stayed high at nearly 24% compared to last year. To understand what’s making prices rise, the Central Bank of Nigeria (CBN) asked businesses and everyday people what they think. Here’s what they found — and what it means for you. What People Expect About Inflation What’s Making Prices Climb?…
