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 ...
Tag: Naira
Naira Surges to N1,358.91/$ in Official Market, Strongest Level in Nearly Two Years
The Nigerian naira delivered its strongest official-market performance in nearly two years on Tuesday, closing at N1,358.91 per US dollar ...
Naira Closes January at N1,386.55/$ in Official Market, Strongest Level in Nearly Two Years
The Nigerian naira ended January 2026 on a firm footing, closing the official foreign exchange market at N1,386.55 per US ...
Naira Opens February Stronger at N1,384.5/$ in Official Market
The Nigerian naira kicked off February 2026 on a firm note, appreciating to N1,384.5 per US dollar in the official ...
Nigeria’s External Reserves Hit 8-Year High of $46.11 Billion, Bolstering Naira Stability
Nigeria’s gross external reserves have climbed to $46.11 billion as of January 28, 2026 — the highest level recorded in ...
Naira Strengthens to N1,385 per Dollar in Official Market Amid Global Dollar Weakness
The Nigerian naira extended its recent rally on Thursday, closing at N1,385 per US dollar in the official foreign exchange ...
Naira Strengthens to N1,394 per Dollar in Official Market – Strongest Level Since May 2024
The Nigerian naira recorded its strongest performance in the official foreign exchange market since May 2024, appreciating to N1,394 per ...
Naira Strengthens to N1,400.66/$ in Official Market as US Dollar Weakens Globally
The Nigerian naira extended its early-2026 rally on Tuesday, reaching a monthly high of N1,400.66 per dollar in the official ...
Naira Ends Week Weaker at N1,421.63/$ as Supply Shortages Fuel Volatility
The naira closed the trading week on a soft note, depreciating across both official and parallel markets amid persistent supply ...
Naira Edges Higher to N1,419.35 as External Reserves Climb to $45.95 Billion
The naira staged a modest recovery on Tuesday, strengthening slightly against the US dollar in the official foreign exchange market ...
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