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Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira trades near ₦1,375/$ amid market caution

The Naira commenced the new month with mild fluctuations against the United States Dollar across both the official and informal foreign exchange markets, reflecting a cautious but steady outlook. As of the early hours of Friday, May 1, 2026, figures obtained from the Nigerian Foreign Exchange Market and several parallel market trading points in Lagos […]

featured Finance

Naira trades at ₦1,360/$ in official FX market

The Naira maintained a steady yet cautious position against the United States Dollar as the market opened for trading today, Tuesday, April 28, 2026. Financial analysts are observing localised fluctuations in liquidity across both the official Nigerian Foreign Exchange Market and the parallel market segments. In the early trading hours of the official window, the […]

featured Finance

US dollar weakens as Middle East tensions ease slightly

The United States dollar weakened on Monday as shifting geopolitical signals from the Middle East tempered safe-haven demand ahead of a series of key central bank meetings expected later this week. The movement reflects a cautious market mood shaped by uncertainty around global growth, oil supply risks, and monetary policy direction in advanced economies. Reuters […]

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

Naira hits three-week low at ₦1,361.5/$

The Naira extended its losing streak on Friday, closing at N1,361.5 per dollar, its weakest level in three weeks, amid persistent pressure in the foreign exchange market. Data from the Central Bank of Nigeria showed the currency has depreciated for the most part of the week. The latest decline reflects sustained demand pressures, constrained FX […]

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

Naira holds at ₦1,355 in official FX market, ₦1,420 in parallel market

The Nigerian naira continues to trade within a relatively narrow band against the United States dollar across both the official and parallel foreign exchange markets, reflecting sustained demand pressures and cautious market sentiment. At the Nigerian Foreign Exchange Market, which serves as the official window, the naira is trading around ₦1,350 to ₦1,355 per dollar […]

Finance

Dollar hits one-week high as US-Iran tensions spike FX fears

The United States dollar climbed to a one-week high against major currencies on Monday as renewed tensions between the United States and Iran dampened hopes for a Middle East peace deal. Reuters reported that this follows developments over the weekend in which the United States seized an Iranian cargo ship, escalating geopolitical uncertainty. The situation […]

featured Finance

Official, parallel FX market rates show naira appreciation

The Naira demonstrated a firming trend against the United States Dollar in the early hours of Thursday, April 16, 2026, as increased market supply and strategic policy measures continued to influence currency valuations. In the Nigerian Foreign Exchange Market, the official window for currency transactions, the Naira opened the session with a notable appreciation, trading […]

featured Finance

Naira holds steady at ₦1,358/$ in official market

The Nigerian Naira opened the new trading week with slight variations against the United States Dollar on Monday, April 13, 2026, across the various segments of the foreign exchange market. In the Nigerian Foreign Exchange Market, which serves as the official trading window, the Naira began the session at approximately N1,358.84 per Dollar. Real-time data […]

featured Finance

Naira stabilises at ₦1,379.50/$ in early Thursday trade

The Naira maintained a relatively stable but cautious position against the United States Dollar during early morning trade on Thursday, April 9, 2026. As market participants navigate the final trading days of the week, the exchange rate across both the official and informal sectors continues to reflect the ongoing balance between foreign exchange liquidity and […]

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