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.

When a Currency Loses Its Dignity: A Lesson From Kano, by Zekeri Idakwo Laruba In my many visits to the ancient city, I discovered that Kano never stops surprising you. As one of Nigeria’s biggest and oldest commercial hubs, it operates like a nation within...

Naira Holds Steady at N1,450 Officially, Trades at N1,374 on Parallel Market  The naira traded around ₦1,450 to the US dollar in Nigeria’s official Nigerian Foreign Exchange Market (NFEM) on Friday, November 21, 2025, while the Lagos parallel (black) market quoted the dollar between about...

The naira appreciated against the U.S. dollar on Tuesday, October 28, recording gains in both the parallel market and at the Nigerian Foreign Exchange Market (NAFEM).

Cheap Crude, Strong Naira Fails to Lower Petrol Prices   The sudden jump in petrol prices from about N865 per litre to almost N1,000 has left many Nigerians confused, especially as the two main factors that determine the price, crude oil and the exchange rate, have...

Who will Rescue our Currency, Naira? By Hadiza Ishyaku Abdulsalam The Central Bank of Nigeria (CBN) recently unveiled a nationwide campaign tagged, “Naira Our Pride: Handle with Care". At first glance, it may seem like another routine awareness drive. But behind it lies a critical...