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Naira strengthens slightly to N1,534.52/$ at official market
featured Finance

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 […]

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

Naira depreciates marginally to ₦1,370.30/$ mid-session

The Naira opened the second trading session of March with a slight cooling against the United States Dollar on Tuesday, March 3, 2026. Real-time data from the Nigerian Foreign Exchange Market and informal trading desks indicate that the local currency is adjusting following a week of steady gains. The market is balancing high liquidity with […]

featured Finance

Naira holds steady against dollar amid reserves surge

The Naira held firm against the United States Dollar on Friday, February 27, 2026, closing the trading week positively. Real-time data from the Nigerian Foreign Exchange Market and parallel market channels indicate the currency remained steady, supported by a surge in external reserves and a recent monetary policy adjustment. In the official NFEM window, the […]

Naira closes week stronger at N1,534.72/$ 
Finance

Naira strengthens to ₦1,390/$ in parallel market after rate cut

The naira regained strength in the parallel market on Wednesday following the Central Bank of Nigeria’s decision to reduce its benchmark Monetary Policy Rate by 50 basis points. Data from foreign exchange street traders indicated that the naira appreciated by N10, with the United States dollar quoted at N1,390 on Wednesday morning. This marked a […]

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

Naira trades flat at ₦1,351/$ level amid low volatility

The Naira maintained a steady performance against the United States Dollar during early trading on Wednesday, February 25, 2026. Data from the Nigerian Foreign Exchange Market and informal sources indicate that the currency is benefiting from a period of lower volatility, supported by consistent policy measures from the Central Bank of Nigeria. In the official […]

featured Finance

Naira officially opens at ₦1,344.65/$ as parallel market converges

The Naira has shown remarkable stability against the US Dollar in the early trading hours of Tuesday, February 24, 2026, supported by ongoing interventions from the Central Bank of Nigeria. In the official Nigerian Foreign Exchange Market (NFEM), the Naira opened at 1,344.65 per dollar. This followed a Monday close of 1,343.81 per dollar. During […]

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

Naira gains strength as dollar holders sell at loss

The naira maintained its upward momentum across various segments of the foreign exchange market throughout the week. Dollar holders continued to sell off their positions as rates declined, resulting in losses for many who had accumulated dollars earlier. A street trader told BusinessDay that several operators who had stocked up on dollars at higher rates […]

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

Naira holds steady at ₦1,345/$ in official FX market

The Naira maintained a stable yet cautious trajectory against the United States Dollar in the early trading hours of Friday, February 20, 2026. Data from the Nigerian Foreign Exchange Market and various informal channels indicate that the local currency is navigating a period of moderate volatility. The Central Bank of Nigeria continues its efforts to […]

featured Finance

Naira opens at ₦1,346.40/$ amid marginal depreciation

The Nigerian foreign exchange landscape has opened with fresh data showing a marginal depreciation of the Naira against the United States Dollar in the early hours of Thursday, February 19, 2026. Market participants are closely watching the convergence between official and unofficial rates as liquidity remains a primary concern for importers and manufacturers. In the […]

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

Naira holds steady at ₦1,354.86/$ in official market

The Naira maintained a stable yet cautious position against the United States Dollar during the Tuesday morning trading session on February 17, 2026. Following a weekend of steady consolidation, the local currency continues to trade within the 1,350 range in the official window, reflecting the ongoing effectiveness of the Central Bank of Nigeria’s liquidity management. […]

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