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 ...
Tag: Naira
Naira 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 ...
FX Market Liquidity Strengthens Significantly as Daily Turnover Nears $1 Billion
Nigeria’s foreign exchange market experienced a substantial boost in activity during the first half of 2026, with daily trading volumes ...
IMF Says Naira Remains Undervalued by 25.6%, Urges Slower Reserve Build-Up
The International Monetary Fund (IMF) has assessed that the Nigerian naira is still undervalued by approximately 25.6%, even after notable ...
Naira Holds Firm at N1,380/$ 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 ...
Forex Market Activity Surges as Naira Records Modest Weakening
The Nigerian foreign exchange market witnessed a notable increase in trading volume last week, with total turnover at the interbank ...
Naira 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 ...
Dangote Refinery Cuts Petrol Price by N50 as Global Crude Costs Ease
Dangote Petroleum Refinery has reduced the ex-depot price of petrol by N50 per litre, bringing the new rate to N1,125 ...
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 ...
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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