Currencies
FX 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,...
Read moreNaira Strengthens to N1,356 per Dollar in Official Market, Best Level Since April
The Nigerian naira appreciated against the US dollar on Monday, closing at N1,356 per dollar at the official foreign exchange...
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Naira Depreciates by N5.08 Week-on-Week as Dollar Liquidity Tightens
The Nigerian naira came under pressure across foreign exchange market segments last week, losing ground despite a steady rise in...
Read moreNaira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data
The Nigerian naira traded with relative stability in the official foreign exchange market during the first half of the week,...
Read moreNaira Records Modest Gain at Official Market as Reserves Surpass $50 Billion
The Nigerian naira strengthened marginally against the US dollar at the official foreign exchange market on Monday, June 8, 2026,...
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