Tag: dollars
War: Naira falls to ₦1,425/$ as Middle East crisis triggers Investor exit
Analysts from Financial Derivatives Company and Cowry Asset Management also noted that the weakening of the naira across both the…
Naira slides for ninth day in a row, losing N37.85 against dollar
External reserves are funds held by the country’s central bank to help support the national currency, manage international payments, and…
Naira on the Brink: Tinubu signals massive recovery ahead
He added that his government’s money policies are starting to work. “If the CBN had not acted yesterday, we would…
CBN Data: Naira rebounds after week of mild losses
Data released by the Central Bank of Nigeria (CBN) showed that the local currency closed at N1,454.41 to the dollar,…
Naira drops for second time this week
The depreciation on Wednesday also came after a brief moment of hope on Tuesday, when the Naira gained slightly against…
Naira depreciates again as CBN records 1.04% weekly decline
Despite the mixed performance, Nigeria’s foreign reserves continued to grow, reaching $43.32 billion as of November 6, 2025.
Naira strengthens to ₦1,455/$ as Nigeria’s external reserves grow
As the foreign exchange market continues to stabilize, stakeholders are urging the federal government to consolidate the gains by ensuring…
FX: After four days of gains, naira dips to ₦1,465 at official market
According to official data released by the Central Bank of Nigeria (CBN), the naira depreciated to ₦1,465.68 per dollar at…
CBN interventions, inflows keep naira stable at ₦1,483/$
Short-term forecasts suggest the dollar will likely trade within ₦1,480–₦1,495 in the official market and ₦1,485–₦1,500 in the parallel market…
Import costs fall as exchange rate strengthens to N1,480/$
The parallel market also reflected the trend, with the naira exchanging between N1,490 and N1,495 this week.
Naira strengthens as CBN slashes interest rate for first time in five years
Traders, businesses and households alike will be watching closely in the coming days to see if the positive momentum continues…
FX: After weeks of gains, naira stumbles against the dollar
According to data from the Central Bank of Nigeria on Wednesday, the official exchange rate slipped to ₦1,494.03 per dollar,…
FX: Naira shows signs of recovery, dives below N1,500/$
This is its strongest level since March 5, 2025. For the second time this week, the naira traded below the…
Naira strengthens to N1,540 against US Dollar as gap with official market narrows
Naira strengthens to N1,540 as gap with official market narrows.
Currency watch: Naira dips by 19 kobo against dollar as week ends
The Naira traded at 1,533.74 to the dollar, showing a small decline compared to the previous day’s rate of 1,533.55.
CBN data shows Naira recovery as depreciation streak ends
Central Bank has reiterated its commitment to stabilizing the foreign exchange market through various interventions, including tightening monetary policy, managing
Chinese Yuan weakens against Dollar
In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the…
Video: Dollar rain for Super Eagles players for beating Cameroon
Super Eagles players are expected to pocket at least $30,000 each for Saturday’s hard-earned 3-2 victory over the Indomitable Lions…
Naira gains against dollar at parallel market
The Naira on Tuesday gained 40 Kobo to exchange at N359 to the dollar at the parallel market in Lagos,…
Vote buying: Buhari raises alarm over huge dollars in circulation
President Muhammadu Buhari has expressed astonishment at the huge amount of foreign currency flooding the country intended to influence the…
Exposed! PDP’s plan to bribe voters with dollars on Saturday
Reports say that security agencies have discovered the plan by opposition Peoples Democratic Party (PDP) to deploy $3million (N1.8billion) to…
No dollars to import rice, cement, chicken, others, CBN insists
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Tuesday said the bank’s policy to restrict importers of…
Dollar drifts in year-end trade as clouds gather
The dollar was broadly steady in thin year-end trading on Monday with the Australian dollar AUD=D3 leading gainers as tensions…
Naira loses marginally against dollar at parallel market
The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday…
Dollar gains for a second day
The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite, although gains were capped before…
Police recover $4,000 from 19 year old boy
The police in Gombe state have recovered the sum of $4,000 (about N1.3million) from a 19 year old boy following…
Naira appreciates marginally against dollar
The Naira appreciated marginally on Thursday at the parallel market in Lagos, exchanging at N358 to the dollar against N358.5…
Naira converges at N360 to dollar
The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of…
CBN floods FOREX market with dollars, directs banks to sell to everybody
The Central Bank of Nigeria, CBN, has directed all banks to sell foreign exchange to anyone that is willing to…
Forex: Naira closes at N360.54 per dollar at investors’ window
The Naira on Thursday traded at N360.54 to a dollar at the investors’ window.