Tag: Nigerian businesses
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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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₦22.1 Billion FX Losses in Q1 2025: What Nigerian Businesses Can Do to Protect Themselves
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…
