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Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira steady at ₦1,417/$ amid growth projections

The Naira recorded a stable performance in the early trading session on Tuesday, January 20, 2026, as the foreign exchange market responds to recent government forecasts of economic consolidation and a projected growth rate of 4.68 per cent for the year. In the Nigerian Foreign Exchange Market (NFEM), the Naira opened at 1,419.37 per dollar […]

Pound falls more than 1% after BoE move
Finance

Naira holds steady against dollar, pound

The Naira maintained a steady position against the United States Dollar in the early hours of Monday, January 19, 2026, as the market opened for the new week. This stability follows a period of consolidation in the foreign exchange market, supported by improved external reserves and recent monetary policy adjustments. At the Nigerian Foreign Exchange […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira holds steady amid pressure at FX market

The Naira remained largely stable but continued to face pressure against the United States Dollar at the mid-week opening of the foreign exchange market, reflecting ongoing volatility in the early weeks of 2026. Data obtained from the Nigerian Foreign Exchange Market and multiple parallel market locations nationwide indicate that the local currency is still adjusting […]

BDC operators reject amended CBN licensing guidelines
Finance

Naira steadies officially, weakens at parallel market

The naira began the second week of January 2026 on a mixed note against the United States dollar, as traders responded to shifting liquidity conditions across both official and informal foreign exchange markets. Currency market activity reflected cautious optimism, with participants closely observing supply availability and demand pressures as businesses gradually returned to full-scale operations […]

Naira closes week stronger at N1,534.72/$ 
featured Finance

Naira records mild fluctuations across FX markets

The Naira began the second week of January 2026 amid sustained fluctuations across Nigeria’s foreign exchange markets, as traders and investors closely monitor ongoing liquidity injections by the Central Bank of Nigeria. At the Nigerian Foreign Exchange Market, NFEM, the local currency showed relative stability during early trading hours. Data obtained from the FMDQ Securities […]

featured Finance

Naira holds firm against dollar across FX markets

The Naira remained largely stable against the United States Dollar in the early trading hours of Tuesday, January 6, 2026, in both the official and informal foreign exchange markets, reflecting cautious optimism at the start of the trading week. Figures obtained from the Nigerian Foreign Exchange Market showed that the local currency began the week […]

featured Finance

Naira ends 2025 stronger, gains over N100 against dollar

The naira ended 2025 with a gain of more than N100 against the United States dollar across foreign exchange markets, supported by stronger external buffers, sustained policy reforms and improved liquidity conditions, as Nigeria’s external reserves expanded by 11.3 percent on a year-on-year basis. Figures from the Central Bank of Nigeria showed that the naira […]

BDC operators reject amended CBN licensing guidelines
featured Finance

Naira holds steady across markets on Christmas eve

The Nigerian naira opened trading on Christmas Eve with mild fluctuations against the United States dollar across both the official and parallel exchange markets. According to Vanguard, data obtained on the morning of December 24, 2025, from the Nigerian Foreign Exchange Market and various Bureau De Change locations indicated that the local currency remained within […]

Naira closes week stronger at N1,534.72/$ 
featured Finance

Naira holds firm against dollar across FX markets

The Naira remained relatively stable against the United States Dollar on Tuesday, December 23, 2025, as trading commenced across both the official and parallel foreign exchange markets. The steady performance of the local currency comes amid sustained efforts by the Central Bank of Nigeria to manage liquidity within the Nigerian Foreign Exchange Market. At the […]

featured Finance

Naira slides further to N1,466 as FX pressure persists

The naira closed the trading week on a weaker note at N1,466.5 to the dollar on Friday at the official foreign exchange market, extending the steady depreciation recorded throughout the week. Data published on the Central Bank of Nigeria’s website showed that the local currency weakened across five consecutive trading sessions, reflecting renewed pressure in […]

featured Finance

Naira fluctuates as official, parallel rates narrow

The Nigerian Naira continued to experience fluctuations against the United States Dollar as trading opened on Friday, December 19, 2025. Data from the Nigerian Foreign Exchange Market and various segments of the parallel market indicated a slight narrowing of the gap between official and unofficial exchange rates. At the Nigerian Foreign Exchange Market, the Naira […]

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