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 ...
Tag: Naira
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 ...
Naira Remains Steady at N1,382/$ in Official Market While Parallel Rate Gap Widens
The Nigerian naira traded with little movement in the official foreign exchange market on Monday, closing at N1,382.33 per US ...
Nigeria Spends Almost $1 Billion Servicing Foreign Debt in First Two Months of 2026
Nigeria expended nearly $920 million on foreign debt servicing between January and February 2026, according to data from the Central ...
Nigeria’s $51 Billion Reserves at Risk from Volatile Capital and Oil Reliance – EBC
Global financial services firm EBC Financial Group has warned that Nigeria’s foreign reserves, which recently surpassed the $51 billion mark, ...
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 ...
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 ...
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