Naira weakens against dollar after two-day rally
Naira depreciates at the official FX market after recent gains Currency falls to ₦1,366.06/$, losing ₦7.78 in one day Black market rate remains unchanged as foreign reserves stand at $46.81bn…
Naira surges across FX markets, records strong gains against US dollar
Naira appreciates against US dollar at both official and parallel FX markets, closing stronger at week’s end. CBN data shows naira gain of N10.44 day-on-day, with wider week-on-week improvement across…
Naira records significant appreciation against US dollar
Naira appreciates by ₦2.68 at official foreign exchange market CBN data shows naira trading at ₦1,418.95 per dollar Parallel market rate stable as FX reserves remain above $46bn The naira…
Naira Extends Weekly Gains Against US Dollar at Official Market
Naira strengthens to ₦1,417.95/$ at official FX market Currency posts ₦5.22 week-on-week gain against dollar Foreign reserves rise to $45.86bn, black market stable The naira appreciated further on Friday to…
Naira records two consecutive appreciations against US dollar
Naira gains ₦3.51 against the US dollar within 48 hours at the official foreign exchange market, according to CBN data. Official exchange rate improves to ₦1,419.66/$, while the black market…
Naira Posts Week’s Worst Slide as External Reserves Fall
Naira drops to ₦1,464.50/$ at official FX, the steepest daily fall this week Black market weakens to ₦1,500/$, shedding ₦15 week-on-week External reserves decline to $45.21bn, down $0.20bn in five…
Naira Suffers Sharp Week-on-Week Depreciation at Official FX Market
Naira depreciates to ₦1,456.73/$1 at the official market, losing ₦14.06 week-on-week. Black market rate remains stable at ₦1,465/$1 despite declining patronage. The drop comes even as Nigeria’s foreign reserves rise…
Naira Falls Again Against US Dollar at Official Market
Naira depreciation deepens as currency drops to N1,442.43/$ at official market. Falls four times in one week, despite rising external reserves at $43.54bn. Black market rate stays unchanged at N1,465/$.…
Naira Hits 2025 Peak at ₦1,421/$ as Forex Supply Improves, Reserves Rise
Naira strengthens to ₦1,421.73 per dollar, marking the year’s highest gain. Surge attributed to strong foreign portfolio inflows and steady market liquidity. External reserves climb to $43.17 billion amid renewed…
Naira Strengthens 9.16% in Six Months Amid Reforms, FATF Grey List Exit
Official naira exchange rate rises from N1,605 to N1,457.95 against the dollar in six months. Black market shows 6.83% appreciation, narrowing the parallel market gap. FATF delisting and FTSE Watch…