FX Turnover Surge Lifts Naira Against Dollar
The naira rose against the US dollar at the Nigerian Foreign Exchange Market amidst a significant surge in interbank turnover, according to daily FX data published by the Central Bank of Nigeria.
Dollar liquidity improved above international payment levels...
Naira Reaches Two-Year Peak kf N1,347/$
The naira has strengthened sharply in recent weeks, reaching one of its strongest levels in nearly two years, even as rising foreign portfolio inflows increase the risk of investor profit-taking later in the year, according to a macro update...
Naira Hits N1,430/$ at Parallel Market
The naira strengthened to between 1,425 and 1,430 per dollar at the parallel market following the Central Bank of Nigeria’s renewed directive allowing the sale of foreign exchange to Bureau De Change operators, a development stakeholders say is already...
The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.
Naira Hits N1,396.99/$, Breaks N1,400 Barrier
Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency.
Data from the Central Bank of Nigeria show that the...
Since the unification of foreign exchange in 2023, the naira has been on a journey to find its footing. In 2025, its performance has been mixed, with distinct phases of depreciation, stabilisation, and eventual appreciation at different points.
