Nigeria's New Foreign Exchange Manual Eases Rules for Diaspora and Savers

Nigeria’s newly released Foreign Exchange Manual 2026 reverses several restrictions introduced during the COVID-19 era, signalling a shift toward a more liberalised market that officials say should boost confidence among individual savers, diaspora investors and businesses. The naira has held broadly steady near N1,370 to the US dollar as the Central Bank sustains liquidity support.

For the Nigerian diaspora, clearer and looser rules can make it simpler to move, hold and invest funds. Analysts caution that lasting stability will depend on sustained reform and foreign-exchange inflows.

Source: Legit.ng; Nairametrics.