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 $43.17 billion amid renewed…
Naira Strengthens 9.16% in Six Months Amid Reforms, FATF Grey List Exit
Official naira exchange rate rises from N1,605 to N1,457.95 against the dollar in six months. Black market shows 6.83% appreciation, narrowing the parallel market gap. FATF delisting and FTSE Watch…
Naira Holds Firm at ₦1,475/$ as CBN Boosts Reserves Past $43 Billion
Naira trades at ₦1,475 per dollar on official market amid cautious late-2025 stability. CBN raises reserves above $43bn to sustain FX interventions, tighten BDC supervision. Parallel market rate closes at…
Naira Appreciates Sharply Against Dollar After Independence Break
The naira recorded a strong rebound against the US dollar on Thursday, gaining ₦20.11 at the official window. Black market rates also strengthened, narrowing the gap between official and parallel…
Naira Abuse Driving Printing Costs, CBN Warns
CBN launches nationwide campaign on currency handling Nigerians urged to stop folding, spraying, mutilating notes Apex bank cautions against hoarding ahead of festive season The Central Bank of Nigeria (CBN)…