Naira Faces Fresh Pressure as US Dollar Index Climbs to 10-Month High
The Nigerian naira is confronting renewed challenges in the foreign exchange market as the US dollar strengthens to a 10-month ...
Tag: dollar
Naira Slips for Third Straight Session as Reserves Dip Below $50 Billion Mark
The Nigerian naira weakened in the official foreign exchange market for the third consecutive trading session, closing at N1,353.90 per ...
US Dollar Slumps as Global Central Banks Signal Tighter Policy Amid Oil Surge
The US dollar weakened significantly this week, retreating from recent multi-month highs as escalating energy prices and shifting global monetary ...
Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks
The Nigerian naira extended its recent recovery in the official foreign exchange market, closing at N1,355 per US dollar on ...
Naira Settles Back Around N1,400: A Deliberate Sweet Spot for Nigeria’s Economy?
After a promising run that briefly pushed the naira toward levels below N1,300 just weeks ago, the currency has reversed ...
Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January
The Nigerian naira extended its recent downward drift, closing the trading week at N1,398 per US dollar in the official ...
Exchange Rate Gap Widens as Speculation and Dollar Scarcity Pressure Parallel Market
The disparity between Nigeria's official and parallel foreign exchange rates has widened noticeably in early March 2026, driven by heightened ...
US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty
The US dollar weakened to its lowest level in a week on February 26, 2026, as investors scaled back positions ...
Larger Disparities Boom Between Black Market and Official Rates
The gap between Nigeria’s official and parallel (black market) exchange rates has widened to over 6%, reviving fears of renewed ...
Nigeria’s Foreign Exchange Reserves Reach $42.03 Billion, a Six-Year High
Nigeria’s foreign exchange reserves have surged to $42.03 billion as of September 19, 2025, achieving a 72-month peak not seen ...
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