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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. […]

Finance

Naira falls to ₦1,455 in parallel market Tuesday

The Naira on Tuesday depreciated to N1,455 per dollar in the parallel market from N1,440 per dollar on Monday. But the naira appreciated to N1,349.5 per dollar in the Nigerian Foreign Exchange Market. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,349.5 per dollar […]

featured Finance

Naira strengthens to ₦1,355.73/$ Tuesday

The Naira continued its upward momentum in the early trading hours of Tuesday, February 10, 2026, strengthening further against the United States Dollar. The local currency’s positive performance in the official market highlights improved liquidity and the success of the Central Bank of Nigeria’s price-matching mechanisms. In the Nigerian Foreign Exchange Market, the Naira opened […]

Nigeria's external reserves rise to $36.89bn — CBN gov
featured Finance

Naira holds steady at ₦1,363.84/$ in official market

The Naira has continued to show resilience against the United States Dollar at the start of the second week of February 2026. Trading data from Monday morning confirms that the local currency is sustaining its recent pattern of stability. This steadiness is bolstered by ongoing policy measures from the Central Bank of Nigeria and solid […]

BDC operators reject amended CBN licensing guidelines
featured Finance

Naira trades steady below ₦1,400 on official market

The Naira maintained its steady momentum against the United States Dollar as the first week of February 2026 drew to a close. Despite a slight intraday adjustment, the local currency has demonstrated significant resilience in the official window, underpinned by consistent Central Bank of Nigeria (CBN) interventions and a transparent electronic trading framework. In the […]

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