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Naira depreciates to ₦1,390/$ in parallel market amid widening

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Naira depreciates to ₦1,388/$ amid fresh pressure

The Naira faced renewed pressure in the foreign exchange market today, March 24, 2026, as increased demand for the United States Dollar triggered a noticeable depreciation across both the official and parallel market segments. Data from the Nigerian Foreign Exchange Market indicates that the Naira weakened by approximately 2.48 percent during the early hours of […]

Trapped funds: CBN to give foreign airlines $150m
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Abolish official exchange rate, BDC operators tell CBN

The Association of Bureaux De Change Operators of Nigeria has urged the Central Bank of Nigeria to float the naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in an interview with the News Agency of Nigeria in Lagos. Gwadabe said that the CBN should do […]

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