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

FX reforms drive naira to best performance since 2014

The naira recorded its strongest annual performance in more than a decade in 2025, appreciating by over seven per cent against the United States dollar, supported by broad foreign exchange reforms implemented by the Central Bank of Nigeria. Data released by the apex bank showed that the local currency strengthened by 7.4 per cent or […]

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

Naira stabilises at ₦1,451 as official, parallel markets gap narrows

The exchange rate between the Naira and the United States Dollar remained relatively stable across major foreign exchange windows today, Thursday, December 11, 2025, while the gap separating the official and parallel markets continues to narrow, signaling improved market dynamics. According to data sourced from the FMDQ Securities Exchange, the Naira is trading at approximately […]

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

Naira gains stability in official, parallel FX markets

The Nigerian Naira opened trading today, Tuesday, December 9, 2025, maintaining a relatively stable position against the United States Dollar in both the official and parallel markets. Market data indicates a continued convergence between the official Nigerian Foreign Exchange Market rates and the street markets. This trend is driven by recent monetary policy shifts and […]

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

Naira holds steady as external reserves hit $44.56bn

The exchange rate between the United States Dollar and the Nigerian Naira remained stable on Friday, December 5, 2025, as the local currency held its ground across both the official and parallel markets. Data from the FMDQ Securities Exchange, which oversees the official Nigerian Foreign Exchange Market, indicates that the Naira is trading at N1,450.25 […]

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

Naira stabilises at ₦1,445 official rate against US dollar

The Naira showed resilience against the United States Dollar in early trading on Thursday, December 4, 2025, maintaining a narrow gap between the official and parallel markets as the country enters the final month of the year. Data from the Nigerian Foreign Exchange Market indicates the Naira is trading at approximately ₦1,445.54 per Dollar as […]

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

Naira gains in parallel market

The Naira experienced mixed fortunes in the foreign exchange markets on Monday. In the parallel market, the currency appreciated to N1,470 per dollar from N1,476 per dollar recorded at the close of last weekend. Conversely, the Naira registered a depreciation within the Nigerian Foreign Exchange Market (NFEM). The exchange rate in the NFEM stood at […]

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

Naira gains as foreign capital inflows hit record $21bn

The naira concluded the week with a gain of N7.10 in the official foreign exchange market, coinciding with a surge in foreign capital inflows to almost $21 billion in the first 10 months of 2025. This inflow marks one of the strongest investment rebounds Nigeria has recorded in years. The currency’s performance over the five […]

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

Dollar trades at ₦1,446.9 in official FX market

The United States dollar is trading at ₦1,446.9 in the official Nigerian Foreign Exchange Market window today. On the parallel, or black market, the dollar is being quoted at approximately ₦1,476 per dollar. The gap between the official and parallel-market rates consequently stands at roughly ₦29.1 per dollar. This difference underlines the continued divergence between […]

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

Naira holds mid-₦1,400s range against dollar

The Nigerian naira traded near the mid-₦1,400s against the United States dollar on Wednesday, November 26. The official Daily Nigerian Foreign Exchange Market, which uses the volume-weighted average price, was quoted around ₦1,452–₦1,456 per $1. Meanwhile, parallel (black-market) dealers quoted the greenback between about ₦1,455 and ₦1,468. Official NFEM data published by the Central Bank […]

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

Naira holds steady, narrows official, parallel markets gap

The Nigerian naira was actively traded at approximately ₦1,456 to the US dollar in the official Daily Nigerian Foreign Exchange Market on Tuesday, November 25, 2025. In contrast, the parallel, or black market, quoted the greenback between ₦1,455 and ₦1,465. The NFEM’s official volume-weighted average price was roughly ₦1,456 per $1. Parallel market dealers indicated […]