Currencies
FX Market Turnover Plunges 46.57% to $1.63 Billion in Second Week of July
Nigeria’s foreign exchange market witnessed a sharp decline in activity during the week ended July 10, 2026, with total turnover...
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Naira Remains Steady at N1,382/$ in Official Market While Parallel Rate Gap Widens
The Nigerian naira traded with little movement in the official foreign exchange market on Monday, closing at N1,382.33 per US...
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Naira Weakens to N1,410 in Parallel Market as Summer Travel Demand Intensifies
Naira came under renewed pressure in the parallel market on Monday, depreciating to N1,410 per US dollar, up from N1,397...
Read moreNaira Maintains Stability Around N1,370 as Reserves Climb
The Nigerian naira has demonstrated remarkable resilience in 2026, trading within a relatively narrow range and holding steady around N1,370...
Read moreFX Market Liquidity Strengthens Significantly as Daily Turnover Nears $1 Billion
Nigeria’s foreign exchange market experienced a substantial boost in activity during the first half of 2026, with daily trading volumes...
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IMF Says Naira Remains Undervalued by 25.6%, Urges Slower Reserve Build-Up
The International Monetary Fund (IMF) has assessed that the Nigerian naira is still undervalued by approximately 25.6%, even after notable...
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Naira Holds Firm at N1,380/$ as FX Inflows Reach One-Year High
The Nigerian naira maintained stability against the US dollar in the official foreign exchange market on Thursday, closing at N1,380.11...
Read moreNaira Depreciates to N1,385/$ in Parallel Market Amid Tight Dollar Supply
The Nigerian naira came under renewed pressure in the parallel market on Wednesday, weakening to N1,385 per US dollar from...
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Naira Weakens Slightly to N1,370.64/$ at Official Market
The Nigerian naira recorded a marginal decline against the US dollar at the official foreign exchange window on Tuesday, June...
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Naira Weakens to N1,361.5/$ as FX Market Turnover Drops Sharply
The Naira came under mild pressure in the official foreign exchange market on Wednesday, closing at N1,361.5 per US dollar,...
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