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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 […]

BDC operators reject amended CBN licensing guidelines
featured Finance

Naira trades at 1,453/$ as year-end forex demand rises

The Naira maintained a steady yet cautious position against the United States Dollar today, December 18, 2025, as activity in both the official and parallel markets reflected the ongoing year-end demand for foreign exchange. In the Nigerian Foreign Exchange Market, the Naira opened the trading day at approximately 1,453.25 per dollar. This follows a closing […]

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

Naira trades at N1,453/$ in official FX market

The Naira trades at N1,453 per United States dollar and continues to experience significant activity across the various segments of the foreign exchange market today, Wednesday, December 17, 2025. Data from the Nigerian Foreign Exchange Market and the unofficial parallel market indicate a narrow but persistent gap between official and black-market rates as the year […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
Finance

Naira stable as official, parallel market rates converge

The Naira showed minimal movement against the United States Dollar on Monday, December 15, 2025, maintaining its position across both the official Nigerian Foreign Exchange Market and the parallel market. Data from the official trading window, the Nigerian Foreign Exchange Market, indicates the Naira traded at N1,448.68 per US Dollar early this morning. This rate […]

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

Naira-pound rate jumps in parallel market, depreciates officially

The exchange rate between the Nigerian Naira and the British Pound Sterling demonstrated a mixed performance on Monday, December 15, 2025, across the official and the parallel markets. In the official Nigerian Foreign Exchange Market, the Pound Sterling was trading at an average rate of ₦1,936.86 per Pound as the early trading hours concluded. This […]

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

Naira rises to N1,477 in parallel market

The Naira today appreciated to N1,477 per dollar in the parallel market. This marks a gain from the N1,480 per dollar rate recorded on Thursday. Conversely, the Naira experienced a slight depreciation in the Nigerian Foreign Exchange Market, where it settled at N1,455.5 per dollar. Data published by the Central Bank of Nigeria showed that […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
featured

Naira crashes to N1,561 at official exchange rate window

The naira depreciated significantly at the Nigerian Autonomous Foreign Exchange Market window, closing at N1,561.98/$1 on Wednesday, July 10, 2024. The naira fell 2% from the previous day’s rate of N1,532.58/$1, According to FMDQ data. This is the lowest since March 18, 2024, when it was N1,597.25/$1, as the naira approaches N1,600 less than three […]

FG spends 74% of revenue on debt in Q1 2024
News

Naira rises to N1,470/$ in parallel market

The Naira appreciated from N1,480 per dollar on Thursday to N1,470 per dollar in the parallel market on Friday. However, in the Nigerian Foreign Exchange Market, the naira depreciated to N1,431.49 per dollar on Friday. This showed the exchange rate for NAFEM rose to N1,431.49 per dollar from N1,382.35 per dollar on Thursday, indicating N49.14 […]

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