FX for business travels soar by 366% to $672m.
More Nigerians gained access to foreign exchange in 2025, significantly increasing their spending on business travel abroad by 366 per cent to $672.27m in the first nine months of the year, compared to $144.19m recorded during the same period in 2024. Figures contained in the Balance of Payments section of the December 2025 Quarterly Statistics released by the Central Bank of Nigeria showed that business travel expenditure reached $231.7m in […]