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Naira - Page 2

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

Dollar Depreciates Against Naira In Official Window, Trades At N1,473/$ In Black Market

The United States dollar (USD) depreciated against the naira on Tuesday, December 2, as the foreign exchange (FX) rate closed trading at N1,447/$. Data covering the Nigerian foreign exchange market (NFEM), released by the Central Bank of Nigeria (CBN), showed that the

December 2, 2025

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Business·Top Stories

Gap Between Official Window, Parallel Market Dollar Rates Widens To N23

In the official window on Monday, December 1, the foreign exchange rate for the dollar increased by N3.1 kobo after the naira depreciated by 0.21 percent at the close of trading. According to data obtained from the Central Bank of Nigeria (CBN),

December 1, 2025

Business·Top Stories

Dollar Rate Drops To N1,467/$ In Parallel Market, Rises To N1,446/$ In Official Window

In the parallel market on Friday, November 28, the foreign exchange rate decreased by N7 to N1,467.9 kobo per dollar, from N1,474.9 kobo/$ reported on November 27. This indicates the naira became stronger in the black market, appreciating by 0.47 percent, according

November 28, 2025

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business

Dollar Rate Gap Between Official Window, Parallel Market Reduces To N29

The gap between the parallel market and the official window reduced to N29 on Thursday, November 27, from N32.9 kobo recorded on Wednesday, November 26. The gap reduced despite the United States dollar (USD) appreciating against the naira in the official window,

November 27, 2025

FX Market: Naira Opens Week With Decline

Business

Naira Appreciates Against Dollar To N1,474.9/$ In Parallel Market

The dollar rate dropped by N5.1 kobo or 0.34 percent on Wednesday, November 26, after the naira appreciated against the United States currency in the parallel market. The dollar exchanged at N1,474.9/$ in the black market, compared to the N1,480 the greenback

November 26, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th September 2025

Business

Dollar Rate Increases In Parallel Market, Drops In Official Window

The dollar strengthened by 0.34 percent against the naira on Tuesday, November 25, as the foreign exchange (FX) rate increased to N1,480/$ in the parallel market. On Monday, November 24, the greenback had traded for N1,474.9 kobo/$, indicating the cost of buying

November 25, 2025

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Africa·Business·News

Naira, Ghana Cedis, Egyptian Pounds Rated Worst Performing Currencies

Devaluation and Market Volatility Hit Naira Hardest The naira has emerged as the worst-performing currency globally in the first half of 2024, according to a Bloomberg report released on Friday. The report highlights that devaluation, insufficient dollar liquidity, and market volatility have

June 29, 2024

Business·News

Naira Rebound Leads To Nationwide Drop In Rice Prices

In weeks, the Nigerian currency, the Naira, has appeared to gain strength against the US dollar, activating a significant drop in the cost of rice across various regions in the country. Following the rebound of the Naira against the dollar, the cost

April 23, 2024

Business·FEATURES·News

Nigeria’s Naira Strains As Wheat Imports Rise: A Call For Local Production

Nigeria faces a mounting challenge as its importation of wheat skyrockets, putting pressure on its currency, the naira. With imported wheat subsidiaries like noodles, pasta, and bread remaining staples in the country’s diet, the demand for wheat continues to surge in spite

April 22, 2024

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency·News

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Nigeria’s economic landscape faces fresh turmoil as the country’s foreign exchange reserves hit a bleak low, recording $32.87 billion at December’s close, marking a six-year nadir. The data, revealed via the Central Bank of Nigeria’s website, signals a concerning trend, indicating a

December 29, 2023

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Naira - Page 2

Dollar Depreciates Against Naira In Official Window, Trades At N1,473/$ In Black Market

Gap Between Official Window, Parallel Market Dollar Rates Widens To N23

Dollar Rate Drops To N1,467/$ In Parallel Market, Rises To N1,446/$ In Official Window

Dollar Rate Gap Between Official Window, Parallel Market Reduces To N29

Naira Appreciates Against Dollar To N1,474.9/$ In Parallel Market

Dollar Rate Increases In Parallel Market, Drops In Official Window

Naira, Ghana Cedis, Egyptian Pounds Rated Worst Performing Currencies

Naira Rebound Leads To Nationwide Drop In Rice Prices

Nigeria’s Naira Strains As Wheat Imports Rise: A Call For Local Production

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

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Naira - Page 2

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