Naira Faces Pressure Amid Strong U.S. Economic Data
The Nigerian naira remained relatively steady in the first trading session of the week, despite mounting pressure from the strengthening ...
Tag: Naira
Naira Weakens Further to N1,665/$ in Parallel Market
The naira continued its depreciation on Friday, slipping to N1,665 per dollar in the parallel market, down from N1,645 recorded ...
Naira Holds Steady in Black Market as U.S. Jobs Data Takes Center Stage
The Nigerian naira remained stable in the unofficial black market, trading at around ₦1,660/$ in the last trading session of ...
Naira Depreciates to N1,665/$ in Parallel Market, Margins Widen
The Naira weakened further in the parallel market on Monday, trading at N1,665 per dollar, down from N1,660/$ recorded over ...
Naira Starts 2025 on a Weak Note, Trades at N1,541.36/$
The Nigerian naira began 2025 with a slight depreciation, closing at N1,541.36/$ on the first trading day of the year. ...
Currency Outside Banks Reaches Record N4.2 Trillion
Nigeria's currency outside the banking system has soared to an all-time high of N4.2 trillion as of October 2024, despite ...
A Twist of Fate: Why the Naira is Experiencing a Strong Recovery Across All Markets
The Nigerian naira has staged a remarkable recovery across all foreign exchange markets, appreciating significantly against major global currencies. This ...
Naira Strengthens Against Euro at Parallel Market Amid Forex Reforms
The Nigerian naira has recorded notable gains against the euro in the parallel market, trading at N1,690/€, compared to N1,852/€ ...
Naira Strengthens to N1540/$ Further as EFEMS Enhances Transparency
The Nigerian naira appreciated against the dollar for the third consecutive day on the Enhanced Foreign Exchange Market System (EFEMS), ...
Forex Turnover in NAFEM Soars 61% to $43 Billion Amid Naira’s Mixed Performance
The Nigerian Foreign Exchange Market (NAFEM) recorded a significant increase in dollar trade volume, with turnover rising by 61.9% year-on-year ...
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