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Gradual removal of old naira notes continues – CBN
Finance

Naira opens Wednesday with marginal gains at ₦1,375.61/$

The Naira opened the mid-week trading session with a slight recovery, paring some of the losses recorded in the previous session as liquidity conditions in the Nigerian Foreign Exchange Market began to stabilise. At the official window, the Naira showed signs of firming up during early morning trades on Wednesday, March 25, 2026. The exchange […]

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Naira depreciates to ₦1,388/$ amid fresh pressure

The Naira faced renewed pressure in the foreign exchange market today, March 24, 2026, as increased demand for the United States Dollar triggered a noticeable depreciation across both the official and parallel market segments. Data from the Nigerian Foreign Exchange Market indicates that the Naira weakened by approximately 2.48 percent during the early hours of […]

BDC operators reject amended CBN licensing guidelines
featured Finance

Naira holds steady at ₦1,357/$ amid oil price surge

The Naira maintained a steady performance against the United States Dollar on Thursday, March 19, 2026, as the foreign exchange market continues to reflect the impact of surging global oil prices and a significant buildup in the nation’s external reserves. In the Nigerian Foreign Exchange Market, the Naira showed resilience during the early morning trading […]

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Naira opens at ₦1,367.18/$, depreciates to ₦1,372.21/$ on Tuesday

The Naira has started the day with slight fluctuations against the United States Dollar. It maintains its recent trend of relative stability within the official and parallel markets. Early reports from the Nigerian Foreign Exchange Market and informal trading hubs indicate that while demand remains consistent, the local currency is holding its ground following recent […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira holds steady as reserves hit 13-year peak

The naira maintains a cautiously optimistic outlook this week after recent steady appreciation and a notable shift in monetary policy. Nairametrics reported that market participants are watching the Naira/United States dollar pair closely as it navigates a narrow range to signal the next significant movement. Immediate resistance levels sit between N1,395/$ and N1,400/$. The psychological […]

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Naira holds firm against US dollar in early trading Thursday

The Naira showed subtle yet firm resilience against the United States Dollar in early trading on Thursday, March 12, 2026. Real-time data from the Nigerian Foreign Exchange Market (NFEM) and informal channels indicate the local currency navigated the mid-week session with high transparency. This performance is supported by Nigeria’s robust foreign reserve position. In the […]

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

Naira stays resilient against dollar at ₦1,397

The Naira held firm against the United States Dollar in early trading on Wednesday, March 11, 2026, demonstrating resilience amid corporate demand pressures. Real-time data from the Nigerian Foreign Exchange Market (NFEM) and informal channels showed the local currency managing heightened demand effectively, bolstered by Nigeria’s strong foreign reserve position. In the official NFEM window, […]

Naira strengthens slightly to N1,534.52/$ at official market
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Naira eases slightly to ₦1,391.58/$ Monday

The Naira began the second full trading week of March 2026 with a slight easing against the United States Dollar on Monday, March 9, 2026. Real-time data from the Nigerian Foreign Exchange Market (NFEM) and informal trading channels indicate that the local currency is navigating a period of moderate volatility as corporate demand for the […]

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

Naira drops to ₦1,398/$, weakest since January

The Naira weakened further at the end of the trading week, closing at N1,398 per United States dollar on Friday, as foreign exchange liquidity pressures persisted in the market. Data from the Central Bank of Nigeria showed the naira fluctuated between N1,404/$ and N1,398/$ during Friday’s trading session, while the simple average exchange rate settled […]

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