The Naira Briefing

What moved the naira, and why.

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

How to Send Money from Nigeria to Turkey: Methods, Rates and Rules

16 October 2026

How to send money from Nigeria to Turkey in 2026: paying suppliers or tuition, the naira to lira rate, documentation, fees and timing for the corridor.

How to Send Money from Nigeria to South Africa: Methods and Rates

16 October 2026

How to send money from Nigeria to South Africa in 2026: the naira to rand rate, apps and bank options, documentation, fees and how long it takes.

How to Open a Domiciliary Account at FCMB: Steps and Rates

16 October 2026

How to open an FCMB domiciliary account in 2026: the documents, funding and withdrawal rules, who it suits, and the FX rate that applies.

How to Open a Domiciliary Account at Wema Bank (ALAT): Steps and Rates

16 October 2026

How to open a Wema Bank / ALAT domiciliary account in 2026: documents, funding and withdrawal rules, who it suits, and the FX rate that applies.

How to Open a Domiciliary Account at Sterling Bank: Steps and Rates

16 October 2026

How to open a Sterling Bank domiciliary account in 2026: the documents, funding and withdrawal rules, who it suits, and the FX rate that applies.

How Remittance Fees and Rates Compare in Nigeria: What to Check

13 October 2026

How to compare remittance services sending money to Nigeria: why the exchange rate matters more than the fee, hidden margins, and how to get more naira.

The Economics of Being a POS Agent in Nigeria Explained

13 October 2026

How POS agents in Nigeria actually make money: commissions, float, cash management and costs, and the realities behind the roadside terminal business.

How to Read an FX Rate Quote Explained: Bid, Ask and the Spread

13 October 2026

A plain guide to reading an FX rate quote in Nigeria: bid vs ask, the spread, buy and sell rates, and how to spot a fair naira-to-dollar price.

Trade Credit Insurance for Nigerian Importers Explained

13 October 2026

What trade credit insurance is, how it protects Nigerian importers and exporters against non-payment, who offers it, the cost, and the FX dimension.

How Letters of Credit Are Confirmed in Nigerian Trade Explained

13 October 2026

What a confirmed letter of credit is, how confirmation protects Nigerian importers and exporters, who adds it, the cost, and the FX angle.