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featured Finance

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 […]

BDC operators reject amended CBN licensing guidelines
featured Finance

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 […]

featured Finance

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/$ 
featured Finance

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 […]

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

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 […]

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