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

Naira holds steady at ₦1,385/$ in March’s first trading

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

Naira appreciates to ₦1,487/$1 in parallel market

The Naira on Tuesday appreciated to ₦1,487 per dollar in the parallel market, up from ₦1,491 per dollar recorded on Monday. Similarly, the Naira appreciated in the Nigerian Foreign Exchange Market. Data published by the Central Bank of Nigeria showed that the exchange rate for the Naira fell to ₦1,447 per dollar in the NFEM, […]

Naira closes week stronger at N1,534.72/$ 
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Naira sells at ₦1,460/$ on official market

The Naira held near mid-October levels on Saturday, with official market fixings remaining around ₦1,460 per United States $1, while the parallel (black) market continued to trade notably weaker, averaging ₦1,495–₦1,500 per US$1. Specifically, the NFEM / Investors & Exporters window (official) rate was reported at ₦1,460.49 / $1, aligning closely with the CBN suggested […]

FG spends 74% of revenue on debt in Q1 2024
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Naira appreciates to ₦1,492/$1 in parallel market

The Naira recorded a slight appreciation in the parallel market yesterday, rising to ₦1,492 per dollar from ₦1,495 per dollar recorded on Tuesday. Conversely, the Naira depreciated in the Nigerian Foreign Exchange Market. Data published by the Central Bank of Nigeria, however, indicated that the official exchange rate for the Naira actually improved, as it […]

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FX markets hold steady near ₦1,468/$1 at official rate

The Naira traded in a narrow band across both the official and parallel foreign exchange markets on Wednesday, with the Daily Nigerian Foreign Exchange Market fixing the dollar at about ₦1,468 per $1. In contrast, the parallel, or black market, quoted the dollar slightly higher, between ₦1,480 (buy) and ₦1,495 (sell). Markets remained relatively calm […]

CBN sells $10,000 to BDCs at N1,101/$
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Naira falls to ₦1,500 in black market

The Naira traded within the mid-₦1,400s on the official Nigerian Foreign Exchange Market platforms on Friday, even as the parallel (black) market continued to price the United States dollar notably higher, settling around ₦1,480–₦1,500 to the dollar. This persistent disparity kept the premium between the official and street windows near ₦25–₦40. The official NFEM rate, […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
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Official forex rate stuck at ₦1,475 as parallel market surges

The Naira continued to trade within the mid-₦1,400s on official Foreign Exchange platforms, while the parallel (black market) rate remained markedly higher, reflecting a persistent premium for the United States dollar. The official Daily Nigerian Foreign Exchange Market, which is the Central Bank of Nigeria’s volume-weighted benchmark for the day, was roughly ₦1,460–₦1,475 per $1. […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira weakens as parallel market holds ₦1,505 dollar rate

The Naira traded slightly weaker across Nigeria’s Foreign Exchange windows on Wednesday, October 15, 2025. The official market quotes, which are derived from the Daily Nigerian Foreign Exchange Market and represent the volume-weighted average, remained within the mid-₦1,400s band, specifically ranging between approximately ₦1,460–₦1,468 per US dollar. Simultaneously, the CBN’s published reference figure for the […]

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

Naira strengthens officially, maintains ₦1,500 parallel market rate

The Naira recorded a stronger performance today on the official daily foreign-exchange window, though the parallel market rate persisted at around ₦1,500 to the dollar, maintaining a significant premium over the official rate derived by the Central Bank of Nigeria. The Nigerian Foreign Exchange Market, which is the volume-weighted average price the CBN utilizes as […]

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

Naira gains N14.98 as liquidity sustains official FX rally

The naira concluded the four-day trading week with a N14.98 gain in the official foreign exchange market, driven by sustained liquidity. After trading on Friday, the naira appreciated by 1.02 per cent week-on-week as the dollar was quoted at N1,465.67 compared to N1,480.65 quoted last week Friday at the Nigerian Foreign Exchange Market, according to […]

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

Naira gains firmness in official market, narrowing black market gap

The Nigerian naira demonstrated continued signs of stability on Friday, October 3, 2025, trading firmer in the official Nigerian Foreign Exchange Market while holding steady in the parallel (black) market. In the official NFEM, the naira was quoted at ₦1,455 per US dollar, based on the volume-weighted data published for the Nigerian foreign exchange market. […]

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

Naira appreciates to N1,500 in parallel market

The Naira on Monday appreciated to N1,500 per dollar in the parallel market from N1,510 per dollar last weekend. However, the Naira depreciated to N1,480.15 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 N1,480.15 per dollar […]

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