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 ...
Tag: dollar
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 $42.03 billion as of September 19, 2025, achieving a 72-month peak not seen ...
Naira Declines to N1,537/$ in Official Market, Surpassing Parallel Market
The naira weakened slightly in the Nigerian Foreign Exchange Market (NFEM), falling to N1,537 per dollar from N1,536 per dollar ...
Naira Weakens to 1,532.34/$ Despite CBN Efforts to Stabilize Currency
The Nigerian naira closed weaker last week, depreciating by 0.14% to settle at 1,532.34/$ at the Nigerian Foreign Exchange Market ...
Naira Depreciates Below N1,600 Amid Forex Outflows and Global Trade War
The Naira has depreciated to N1,580 per dollar in the parallel market, marking its lowest value in five weeks, as ...
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