Abuja, Nigeria | September 8, 2025 The Nigerian naira has climbed to its strongest level in six months, bolstered by improved dollar inflows, tighter monetary policies, and renewed investor confidence in the country’s foreign exchange market. Traders on Monday confirmed that the local currency appreciated significantly at both the official and parallel markets, reflecting steady
Lagos, August 2, 2025 The Nigerian naira started the month of August on a steady note against the US dollar, showing no significant movement across official and parallel markets as currency traders assessed ongoing fiscal and monetary policies. At the close of trading on Thursday, August 1, the naira traded flat at approximately ₦1,235 per
The Nigerian naira ended last week on a weaker note, closing at 1,532.34 per dollar in the official market despite various interventions by the Central Bank of Nigeria aimed at supporting the currency. The local currency had started the week strong, reaching a four-month high of 1,518.88 per dollar on the first trading day. However,
The Nigerian Naira has recorded a notable surge against the US dollar, reaching a four-month high by breaking the N1520 per dollar mark in the foreign exchange market. This upward momentum reflects renewed investor confidence and improved forex liquidity, signaling a positive shift in Nigeria’s currency stability amid ongoing economic challenges. Market analysts attribute the
The Nigerian naira recorded marginal appreciation on Monday, trading at ₦1,545 per US dollar in the parallel market, an improvement from the ₦1,550 it exchanged for at the close of last weekend. The currency also showed a modest gain in the Nigerian Foreign Exchange Market (NFEM), reflecting improved sentiment and slight pressure relief in the
Lagos, June 23, 2025 – The Nigerian naira experienced mild depreciation in the parallel (black) market on Monday, trading between ₦1,585 and ₦1,605 per U.S. dollar, as demand for the greenback continues to outpace supply despite recent interventions by the Central Bank of Nigeria (CBN). Currency dealers across key markets in Lagos, Abuja, and Port
