Tag: FX
Forex Update: Naira weakens to N1,362/$ as reserves hit $50.35bn
The Nigerian naira recorded its first depreciation against the United States dollar this week at the official foreign exchange market,…
Naira remains strong against British pound, trades at N1,823/£1
The Nigerian naira continued to gain strength against the British pound in the foreign exchange market.
CBN maintains 26.5% rate, naira stable at ₦1,371/$
The Nigerian Naira remained stable against the US Dollar in the official foreign exchange market on Thursday morning after the…
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…
Naira nears key N1,350/$ mark as FX market confidence improves
The naira gained almost N10, closing at N1,357 per dollar, compared to N1,375.5/$ at the beginning of May. This means…
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.
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 slips to N1,387/$ as Nigeria’s reserves fall below $50bn
The Central Bank of Nigeria expects reserves to rise to about $51 billion by the end of 2026 as part…
Four-Day Rally: Naira gains ₦35 against dollar at official market
Overall, the recent appreciation of the Naira at the official market may signal improving confidence in Nigeria’s financial system, although…
Naira slides for ninth day in a row, losing N37.85 against dollar
External reserves are funds held by the country’s central bank to help support the national currency, manage international payments, and…
CBN Data: Naira rebounds after week of mild losses
Data released by the Central Bank of Nigeria (CBN) showed that the local currency closed at N1,454.41 to the dollar,…
Naira drops for second time this week
The depreciation on Wednesday also came after a brief moment of hope on Tuesday, when the Naira gained slightly against…
CBN’s gains tested as naira falls slightly to ₦1,467 per dollar
The NBS is expected to release its Consumer Price Index (CPI) report for September on Wednesday.
Naira strengthens to ₦1,455/$ 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…