The Naira Briefing

What moved the naira, and why.

Rates, policy and honest context - the blog behind the market terminal.

How Export Proceeds Repatriation Works in Nigeria Explained

16 October 2026

A plain guide to repatriating export proceeds in Nigeria: the rules, the timelines, converting dollars to naira, and staying compliant.

What Is a Certificate of Capital Importation (CCI) Explained

16 October 2026

A plain guide to the Certificate of Capital Importation (CCI) in Nigeria: what it is, why it matters for bringing money in, and repatriating profits.

What Are Foreign Portfolio Investments and the Naira Explained

16 October 2026

A plain guide to foreign portfolio investment (FPI) in Nigeria: what it is, why 'hot money' matters for the naira, and how it differs from FDI.

What Is the Bid-Ask Spread in FX Explained

16 October 2026

A plain guide to the bid-ask spread in foreign exchange: what bid and ask mean, how the spread is a hidden cost, and how to compare FX quotes.

What Is the MPC and Monetary Policy Rate Explained

16 October 2026

A plain guide to Nigeria's MPC and the Monetary Policy Rate (MPR): what they are, how rate decisions are made, and the effect on the naira.

What Is the CBN and What It Does Explained

16 October 2026

A plain guide to the Central Bank of Nigeria (CBN): its role, how it manages the naira and FX, and why its decisions matter for your money.

What Is a Eurobond and How It Affects Nigeria Explained

16 October 2026

A plain guide to eurobonds and Nigeria: what they are, how the government borrows in dollars, and what it means for the naira and reserves.

What Is Inflation and How It Affects the Naira Explained

16 October 2026

A plain guide to inflation in Nigeria: what it is, how it connects to the naira and the dollar, and what it means for your money.

Wheat Imports and the Naira Explained: Bread, Flour and the Dollar

16 October 2026

How wheat imports and the naira connect in Nigeria: why bread and flour prices track the dollar, Nigeria's wheat gap, and what moves the market.

Rice Production and the Naira Explained: Imports, Local Milling and Prices

16 October 2026

How rice production, imports and the naira connect in Nigeria: why rice prices track the dollar, the self-sufficiency push, and what moves the market.