When I first heard that more Chinese traders in Nigeria are beginning to accept the naira rather than insisting on the U.S. dollar, I felt a surge of cautious optimism
Foreign exchange dealers have revealed that some Chinese traders operating in Nigeria are increasingly accepting naira for transactions instead of demanding US dollars, a development they say is helping to ease pressure on the local currency.
Naira Weakens by 19 Kobo Against Dollar at Official Market
The Naira on Friday closed the week slightly weaker, as it lost 19 kobo against the U.S. dollar at the official market, trading at N1,533.74.
Data released on the official website of the Central Bank of...
Naira Ends July with 0.25% Loss
The naira closed out July 2025 at N1,533.55/$ at the official market, the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria revealed on Thursday.
This is about 0.25 per cent weaker than the 1,529.71/$ that it had...
The Nigerian naira depreciated slightly against the US dollar on Monday, June 23, in both the official and parallel markets, reflecting persistent pressure and volatility in the country’s foreign exchange environment.
