Naira Hits Five-Month High as Dollar Falls to N1,343.32 on CBN Reforms
The naira strengthened by about N9 against the US dollar on Tuesday, August 18, 2026, closing at N1,343.32 per dollar ...
Tag: dollar
NAFEM Turnover Climbs to $1.41 Billion, Highest Level in Five Weeks
Turnover on the Nigerian Foreign Exchange Market rose sharply to $1.41 billion on August 17, 2026, reaching its highest level ...
NRS Chairman: Ending Fuel Subsidy Averted N53 Trillion Bill and Naira Crash to N3,500
The petrol subsidy could have drained as much as N53 trillion from government coffers under present market conditions and driven ...
CBN Cancels N700 Billion T-Bills Auction After Aggressive Liquidity Withdrawal
The Central Bank of Nigeria has shelved a planned N700 billion treasury bills auction scheduled for 5 August 2026, after ...
Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover
Nigeria’s foreign exchange market recorded its highest weekly turnover of 2026, with total transactions in the FX Spot and Derivatives ...
Several African Currencies Forecast to Weaken Against Dollar – Analyst
Several major African currencies, including Ghana’s cedi, Uganda’s shilling, and Nigeria’s naira, are expected to depreciate against the US dollar ...
Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day
The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded ...
Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions
The naira appreciated against the US dollar on Tuesday, July 21, 2026, closing at N1,375.3083 per dollar in the official ...
Dollar Shortage Widens Spread Between Official and Parallel FX Rates
Nigeria’s foreign exchange market is facing renewed pressure as the gap between the official and parallel market rates has widened ...
Naira Slips to N1,420 per Dollar in Parallel Market as Official Rate Edges Higher
The Nigerian naira weakened further in the parallel market yesterday, trading at N1,420 per US dollar, down from N1,406 recorded ...
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