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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 […]

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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 […]

BDC operators reject amended CBN licensing guidelines
Finance

Naira shows marginal recovery against dollar Wednesday morning

The Naira began the day with continued fluctuations against the United States Dollar, reflecting the ongoing volatility in the domestic foreign exchange market. As of early trading on Wednesday, April 8, 2026, the exchange rate at the Nigerian Foreign Exchange Market recorded a subtle shift, indicating a slight appreciation for the local currency compared to […]

Naira closes week stronger at N1,534.72/$ 
Finance

Naira holds steady against dollar at ₦1,379/$ in official market

The Naira maintained a relatively stable position against the United States Dollar in the early hours of Tuesday, April 7, 2026, across both the official and informal foreign exchange markets. As of Tuesday morning, the exchange rate at the Nigerian Foreign Exchange Market (NFEM) opened at approximately 1,379.30 per dollar. Data from the official window […]

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Naira opens Q2 2026 at ₦1,385/$ as market remains calm

The Naira began the new month and the second quarter of 2026 with a show of resilience, trading within a stable range against the United States Dollar. Market activity on Wednesday, April 1, 2026, reflects a balanced landscape as the Central Bank of Nigeria continues to navigate liquidity management and inflationary pressures. At the Nigerian […]

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

Naira holds steady against dollar as Q1 ends amid reserve pressures

The Naira maintained a steady performance against the United States Dollar in the official market as the first quarter of 2026 drew to a close, despite emerging pressures on the country’s external reserves. At the Nigerian Foreign Exchange Market, the Naira opened the trading session on Tuesday, March 31, 2026, at ₦1,385.60 per Dollar. Real-time […]

Gradual removal of old naira notes continues – CBN
Finance

Naira opens Wednesday with marginal gains at ₦1,375.61/$

The Naira opened the mid-week trading session with a slight recovery, paring some of the losses recorded in the previous session as liquidity conditions in the Nigerian Foreign Exchange Market began to stabilise. At the official window, the Naira showed signs of firming up during early morning trades on Wednesday, March 25, 2026. The exchange […]

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