Naira Strengthens Further, Now N1,490/$ on Parallel, N1,502/$ on Official FX Markets   The naira has strengthened consistently over the past three weeks, reflecting improved stability and confidence in Nigeria's foreign exchange market. Precisely, on the parallel market, some FX dealers in Lagos traded the naira at...

Naira Appreciates to 1,494.03/$ in Official Market   The naira experienced a notable appreciation on Thursday, with the currency trading at 1,494.03 to the US dollar at the official exchange window, as indicated by data from FMDQ Securities Exchange Limited. Similarly, it appreciated at the parallel market to...

‎Naira Rebounds to ₦1,540/$ in Parallel Market ‎The naira rebounds against the dollar on Tuesday in the parallel foreign exchange market, reversing earlier losses. A source at the Abuja Black Market told Economic Confidential that the naira was trading at ₦1,530/$ (buy) and ₦1,540/$ (sell) as...

‎Dollar Hits High in Black Market as Naira Struggles ‎ ‎As of February 17, 2025, the exchange rate between the US dollar (USD) and the Nigerian naira (NGN) in the black market is approximately ₦1,570 per $1. This rate has remained stable over the past few days,...

Naira Depreciates by 0.3% at Parallel Market The naira on Tuesday witnessed a flat rate as the dollar was quoted at N1,570 in the parallel market also known as black market, following improved liquidity in the foreign exchange (FX) market. The current rate shows a slight...

Naira to Close H1 at N1,700 per Dollar, Firm Predicts One of the leading investment banking firms, Comercio Partners Limited, has projected that the naira will close the first half of 2025 at N1,700 per dollar, the worst case scenario. Naira over the weekend, gained N45...