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Naira depreciates slightly against dollar at official, parallel FX markets

The naira recorded a slight depreciation against the United States dollar across both the official Nigerian Foreign Exchange Market and the parallel market on Tuesday, May 19, 2026, amid continued demand pressures in the foreign exchange market. Data published by the Central Bank of Nigeria showed that the naira traded at about ₦1,373.5 per dollar […]

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Naira shows slight fluctuations against US dollar in FX markets

The naira traded with slight fluctuations against the United States dollar across the official and parallel foreign exchange markets on Monday, May 18, 2026. Demand pressure for forex persisted during the trading session. Data from the Nigerian Foreign Exchange Market (NFEM) showed the official exchange rate hovering around ₦1,371 per dollar. This was according to […]

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Naira weakens despite higher FX liquidity, reserves growth

The naira ended the week weaker in Nigeria’s official foreign exchange market despite a significant rise in market liquidity and continued growth in the country’s external reserves. Central Bank of Nigeria data show the naira depreciated by N9.65 week‑on‑week, with the dollar quoted at N1,371.04 on Friday versus N1,361.39 the previous Friday, a weekly loss […]

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Naira weakens marginally to ₦1,372/$ ahead of MPC meeting

The naira weakened marginally at the official foreign exchange market on Friday, closing at N1,372/$ as investors adopted cautious positions ahead of next week’s Monetary Policy Committee meeting of the Central Bank of Nigeria. This is according to data published on CBN website on Friday. Compared to last week’s closing at N1,364/$, the Naira depreciated […]

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Naira weakens at parallel FX market to ₦1,392/$

The Naira on Thursday depreciated to N1,392 per dollar in the parallel market from N1,388 per dollar on Wednesday. Similarly, the naira depreciated to N1,371 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,371 per […]

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Parallel FX market hits ₦1,410/$ as naira fluctuates

The naira traded with slight fluctuations against the United States dollar on Tuesday, May 12, 2026, across the official Nigerian Foreign Exchange Market and the parallel market as traders monitored forex liquidity and demand pressures. At the official market, data from the Central Bank of Nigeria indicated that the naira exchanged at an average rate […]

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Naira trades at ₦1,361 officially, ₦1,395-₦1,405 in parallel FX market

The naira traded within a relatively stable range against the United States dollar on Monday, May 11, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market, amid sustained forex interventions and cautious market sentiment. Data obtained from the Central Bank of Nigeria’s exchange rate portal showed that the official NFEM rate […]

Naira closes week stronger at N1,534.72/$ 
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Naira trades stable at ₦1361/$ as FX turnover rises

The naira recorded slight gains against the United States dollar on Thursday, May 7, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market amid improved forex liquidity and sustained interventions by the Central Bank of Nigeria. Data from the Central Bank of Nigeria showed that the naira appreciated to about ₦1,361 […]

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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 […]

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