Tag: dollars
Naira falls slightly as demand for dollars increases
Trading activity in the interbank market remained volatile. CBN figures showed transaction volumes ranging from $39.99 million to $184.34 million,…
Forex Update: Naira weakens to N1,362/$ as reserves hit $50.35bn
The Nigerian naira recorded its first depreciation against the United States dollar this week at the official foreign exchange market,…
CBN data shows naira continues recovery with third consecutive gain
The Nigerian naira continued to strengthen against the United States dollar on Wednesday, marking its third consecutive day of appreciation…
Report: Naira appreciates N213 against dollar over 12 months
Nigeria’s naira ended May 2026 at N1,372 per US dollar, representing a slight decline from N1,367/$ recorded at the end…
Dollar pressure eases as Naira trades firm at N1,375/$
The Nigerian currency, the naira, strengthened slightly and traded at N1,375 per US dollar in the foreign exchange market.
Dollar strengthens, Naira Slides to ₦1,375 in official market
The naira has lost value again against the US dollar, closing at ₦1,375/$ in the official foreign exchange market on…
Dollar-Naira gap persists as parallel market hits ₦1,410
According to the Nigerian Foreign Exchange Market (NFEM), the official exchange rate is about ₦1,375.98 per dollar. Earlier in the…
FX: Naira rallies to N1,348/$ as dollar wobbles
The Nigerian naira has continued to gain strength against the US dollar after its recent rise. Earlier this month, the…
Mixed Signals: Naira rises while Nigeria’s FX reserves decline
The Nigerian naira gained value on Friday, closing at N1,342.5 per dollar, stronger than the N1,355.25/$ recorded the previous week.
Naira crashes suddenly ending impressive two-week winning streak
The Nigerian naira closed the trading week on a slightly weaker note at the official foreign exchange market, shedding a…
Currency Watch: Naira shows stability across official window
The Nigerian naira showed a slight improvement in value in early trading on Tuesday, April 14, 2026. This change was…
Naira climbs sharply, gains ₦13 against dollar in one day
Data released by the Central Bank of Nigeria showed that the Naira appreciated to ₦1,344.42 per dollar, compared to ₦1,357.77…
Four-Day Rally: Naira gains ₦35 against dollar at official market
Overall, the recent appreciation of the Naira at the official market may signal improving confidence in Nigeria’s financial system, although…
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…