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
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
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, 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,
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
