Tag: Naira
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 $50.35bn
The Nigerian naira recorded its first depreciation against the United States dollar this week at the official foreign exchange market,…
Naira remains strong against British pound, trades at N1,823/£1
The Nigerian naira continued to gain strength against the British pound in the foreign exchange market.
CBN data shows naira continues recovery with third consecutive gain
The Nigerian naira continued to strengthen against the United States dollar on Wednesday, marking its third consecutive day of appreciation…
Report: Naira appreciates N213 against dollar over 12 months
Nigeria’s naira ended May 2026 at N1,372 per US dollar, representing a slight decline from N1,367/$ 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.
Africa feels impact of global tensions as currencies weaken – UNCTAD
African currencies lost value after rising tensions involving the United States, Israel, and Iran affected global financial markets.
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…
Naira roars back! Posts biggest weekly gain against Dollar in months
The Nigerian naira opened the new trading week on a firm note, recording a significant gain against the U.S. dollar…
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…
Naira slides to N1,383/$ as external reserves dip further
The pressure on the naira reflects broader challenges in Nigeria’s FX market, including declining external reserves.
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.