Ebenezer Chukwudi

Naira Strengthens to N1345 at Official Window

Foreign Exchange Turnover Surges 22% in June

Activity in the Nigerian foreign exchange market jumped by 22% in June, hitting a significant multi-month high. The surge reflects improved liquidity and increased capital inflows across official trading windows. Market dealers attribute the spike to aggressive dollar interventions by the central bank. Corporate buyers also accelerated their foreign exchange sourcing to clear mid-year import…

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Israeli Officials Uphold Election as Netanyahu Claims Theft

Israel Strikes Lebanon Despite Fragile Nuclear Diplomacy

Israeli forces launched fresh military strikes across southern Lebanon on Friday, violating a fragile regional truce on the 119th day of the Iran war. Prime Minister Benjamin Netanyahu declared that the Israeli military will not withdraw from newly occupied border zones. The Lebanese armed group Hezbollah accused Israel of deliberately targeting civilians trying to return…

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Niger Files Formal Request To Exit ICC

Niger Files Formal Request To Exit ICC

Niger has officially submitted its formal request to withdraw from the International Criminal Court. The tribunal in The Hague confirmed on Tuesday that it received the instrument of withdrawal from the junta-led West African nation. General Abdourahamane Tiani submitted the documentation on June 18, initiating a twelve-month exit timeline. The official departure will take effect…

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Naira Strengthens to N1345 at Official Window

Naira Trades at N1,360 Against the Dollar 

The Nigerian naira opened trading today, holding firm within its familiar N1,360 threshold at the official foreign exchange window. Latest transactional data shows the local currency hovering around N1,360.50 per US dollar at the official Nigerian Foreign Exchange Market. The parallel market mirrors this relative calm, with street traders quoting buying and selling rates between…

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CBN, NITDA Insist on 2027 Payment Data Deadline

CBN Tightens Digital Rules, Mandates Beneficial Ownership Disclosures

The Central Bank of Nigeria issued a sweeping regulatory directive ordering banks and fintech companies to immediately disclose their ultimate beneficial owners. The policy aims to dismantle the opaque corporate structures often used to mask illicit capital flows across the country’s fast-growing digital financial ecosystem. Signed by Dr. Rakiya Yusuf, Director of the Payments System…

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Telcos Deploy 8,526 Sites Despite Fibre Cuts -NCC

NCC Overhauls 8-Year-Old Telecom Pricing Framework

Nigeria’s telecommunications regulator has ordered a comprehensive overhaul of the industry’s wholesale pricing architecture. The Nigerian Communications Commission on Tuesday began rewriting the rules that govern mobile interconnection fees. Unprecedented inflation, severe currency depreciation, and massive expenditures on 5G infrastructure have made the current economic framework completely obsolete. Furthermore, internet-based messaging services have fundamentally broken…

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Trump Eases Russia Sanctions for Emergency Diesel

Trump and Iran Agree to Historic Peace Deal to End War

The United States and Iran have agreed to a comprehensive peace deal that mandates an “immediate and permanent” termination of military operations on all fronts, including Lebanon. Pakistani Prime Minister Shehbaz Sharif, who acted as the primary mediator throughout the intensive 104-day conflict, announced the breakthrough on Sunday evening. Minutes later, U.S. President Donald Trump…

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