Abuja, Nigeria | September 10, 2025 The naira strengthened against the euro on Tuesday, benefiting from ongoing socio-economic instability in France that has rattled the European Union’s financial markets. Data from the Nigerian official market showed the euro/naira exchange rate closing at N1,765/€, an improvement from N1,775/€ recorded the previous week. Analysts attribute the development
Lagos, July 25, 2025 Nigeria’s naira recorded a surprising rebound in the parallel market, closing the week at ₦1,520 per dollar, gaining strength over the Central Bank of Nigeria’s official exchange rate, which stood at ₦1,537 per dollar. This development marks a rare moment where the black market rate outperformed the official rate, reflecting shifting
Lagos, Nigeria – June 28, 2025 The Nigerian naira recorded a modest gain in the parallel market, appreciating to ₦1,575 per dollar on Friday, reflecting renewed confidence and improved foreign exchange liquidity in the informal segment of the market. Currency dealers across major cities, including Lagos and Abuja, reported increased dollar availability and moderated demand,
