Suggestions




·

Dollar Sold At N1,363/$ In Official Window, Trades Flat In Black Market

February 27, 2026
by
Naira and dollar exchange

During trading in the black market on Friday, February 27, the foreign exchange (FX) rate for the United States dollar (USD) was N1,382.76 kobo per $1.

According to Naira Rates, the black market aggregator, this is the same FX rate for the American greenback on Thursday, February 26.

Join our WhatsApp Channel

The situation was different in the Nigerian foreign exchange market (NFEM), where the official dollar rate increased by N7.28 kobo or 0.53 percent to N1,363.39 kobo per USD, from the previous day’s N1,356.11 kobo per $1.

According to the NFEM data obtained from the Central Bank of Nigeria (CBN), the dollar rate eventually closed at N1,368.5 kobo per USD; however, before the closing period, the dollar was traded as high as N1,369 kobo per $1 and as low as N1,345 per USD.

Also, the FX rate for the pound decreased to N1,909.99 kobo per £1 in the black market, from the previous day’s N1,954.99 kobo per £1, indicating a decline of N45 or a 2.30 percent increase in the value of the naira.

The pound also declined in the NFEM, also known as the official window, by N6.73 kobo or 0.36 percent to N1,835.82 kobo per £1 on Friday, down from the N1,842.55 kobo per £1 reported on Thursday.

In addition, the euro traded flat at N1,652 per €1, but increased to N1,608.62 kobo per €1 in the official window, from the N1,606.30 kobo per €1 recorded the day before, representing a N2.32 kobo growth in the FX rate for the European currency.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa

+ posts

Prime Business Africa

Leave a Reply

Your email address will not be published.

Related Posts

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn
Previous Story

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

Featured Stories

Related Posts

Latest from Business

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased by N475.62 billion to N123.76 trillion on Friday, February 27. According to the NGX, the market capitalisation dropped from the N124.23 trillion recorded on Thursday, February 26.Join
FCCPC Clarifies One-Month Moratorium On Exploitative Pricing Amid Economic Challenges

FCCPC Flags Possible Airline Price-Fixing During 2025 Christmas Season

Nigeria’s consumer protection agency has uncovered evidence suggesting some domestic airlines may have engaged in price fixing during the 2025 Christmas travel rush. In an interim report released Thursday, the Federal Competition and Consumer Protection Commission (FCCPC) said ticket fares during December
Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn
Previous Story

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

Don't Miss

UNIZIK Council: Nze Duru Urges FG To Appoint Individuals With Unquestionable Character

How To Bridge Entrepreneurship Development Gaps In Africa, By Nze Duru

In the face of rising unemployment, especially Nigeria where the
Worshippers stand inside the Menjar Shenkora Arerti Mariam Church under construction that collapsed in Arerti, Amhara region of northern Ethiopia, on Wednesday, October 1, 2025 [Samuel Getachew/AP Photo]

Tragedy Strikes Ethiopian Church: At Least 36 Killed, Over 200 Injured in Scaffolding Collapse

A devastating incident occurred at Arerti St Mary’s Church in