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Tag: Dollar-Naira rate

Naira plunges to record low against pounds
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Naira depreciates to N1,456.72/$

The Naira experienced a noticeable downturn last week, depreciating by 0.99% at the official Nigerian Foreign Exchange Market to N1,456.72/$ as of Friday. This figure compares with the N1,442.43/$ recorded in the previous week. On the parallel market, the local currency weakened slightly, trading within a range of N1,470/$ and N1,475/$. In its weekly report, […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
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Naira-dollar rate remains stable at ₦1,450 in official market

The dollar to naira exchange rate on November 22, 2025, in Nigeria’s official Nigerian Foreign Exchange Market is stable around ₦1,450 per United States dollar. Meanwhile, the parallel market (black market) rates show the dollar trading between ₦1,460 (buy) and ₦1,474 (sell), reflecting a persistent premium due to demand and limited foreign exchange inflows. This […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira trades at N1,450 officially as parallel market hits N1,474

The naira traded around ₦1,450 to the United States dollar in Nigeria’s official Nigerian Foreign Exchange Market on Friday, November 21, 2025, while the Lagos parallel market quoted the dollar between about ₦1,460 to buy and ₦1,474 to sell. Data from the market indicates that the official NFEM volume-weighted rate stood at about ₦1,450 per […]

Employers slam FRC over levies on private firms
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Naira remains stable as external reserves hit $44bn

The naira has continued to maintain a steady, largely flat trading pattern, supported by the steady rise in Nigeria’s external reserves, even as the country grapples with a decline in crude oil production. The currency’s resilience comes at a time when oil output, the nation’s major foreign exchange earner, has faced notable setbacks, yet underlying […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira appreciates to N1,467/$ at parallel market

The Naira today appreciated to N1,467 per dollar in the parallel market from N1,470 per dollar on Monday. However, the naira depreciated to N1,458 per dollar in the Nigerian Foreign Exchange Market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,458 per dollar from […]

36 states spend N139.92bn on external debt in six months
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Naira official rate holds steady near ₦1,444 amid FX calm

The Nigerian naira traded largely steady on Monday, November 17, 2025. The official Daily Nigerian Foreign Exchange Market or VWAP rate hovered around ₦1,441–₦1,444 to the United States dollar, reflecting continued stability. Meanwhile, traders in the parallel (cash/black) market quoted the greenback at roughly ₦1,450–₦1,460. The official NFEM fixing, calculated as a volume-weighted average price, […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira-dollar rate steady across official, parallel markets

The Nigerian Foreign Exchange Market saw the Naira trading relatively flat against the United States Dollar on Thursday, November 13, 2025, maintaining levels observed in previous trading sessions. A similar stability was reflected in the parallel market, which is frequently utilized by businesses and individuals for their dollar transactions. According to official NFEM data, the […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira gains in parallel market, dips in official exchange

The Naira experienced mixed fortunes in the foreign exchange markets on Tuesday. In the parallel market, the currency showed a slight appreciation, rising to N1,462 per dollar from the N1,465 per dollar recorded on Monday. However, the Naira simultaneously faced depreciation in the Nigerian Foreign Exchange Market. Data officially published by the Central Bank of […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira struggles in parallel market despite official gains

The naira experienced mixed movements on Monday, recording a slight decline in the parallel market while gaining modestly in the official Nigerian Foreign Exchange Market. The currency traded at N1,465 per dollar in the parallel market, a depreciation from the N1,456 per dollar recorded last Friday. Conversely, it appreciated slightly in the NAFEM, trading at […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
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Naira loses N14.85 at official exchange market

The Nigerian currency continued to face pressure at the official foreign exchange market, losing N14.85 against the United States dollar within one week. Fresh data released by the Central Bank of Nigeria showed that the Naira closed at N1,436.58/$1 on Friday, November 7, 2025, compared to N1,421.73/$1 recorded the previous week on October 31. This […]

Trump threatens 100% tariffs on BRICS nations over dollar challenge
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Trump’s war threat drags naira, equities market down sharply

Nigeria’s financial markets opened the month on a downturn as both the naira and equities weakened sharply on Monday, following remarks by United States President Donald Trump hinting at possible military action against Nigeria over alleged religious persecution. According to The PUNCH, the figures from the Central Bank of Nigeria showed that the naira, which […]

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