Naira

Businesses are increasingly optimistic that the naira will strengthen against the United States dollar over the coming months despite expectations that borrowing costs will remain elevated, according to the…

The Central Bank of Nigeria (CBN) has warned that rejecting the standard 100 Naira banknote breaks the law and could weaken public trust in the Naira. The Central Bank of Nigeria (CBN) has advised the public, businesses and other…

The Nigerian currency, the naira, recorded a noticeable decline against the United States dollar in early trading on Tuesday, March 24, 2026, reflecting mounting pressure in the foreign exchange market. Data obtained from the Nigerian…

Nigeria’s naira is expected to hold steady against the U.S. dollar in the coming week, supported by ongoing interventions from the Central Bank of Nigeria (CBN), according to trading sources cited by Reuters. On Thursday, the naira was…

 The naira traded near a five-month high at 1514.86/$ on the official window at the close of last week, according to data from the Central Bank of Nigeria. The development indicates a strong start to September for the naira, which…

The Central Bank of Nigeria (CBN) spent over $580 million in May to bolster the Naira to achieve a 66 basis point appreciation to N1,586.15/USD. However, this aggressive intervention impacted  Nigeria’s external reserves, crashing it to…

The Naira yesterday appreciated to N1, 560 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central…

The Naira on Wednesday appreciated to N1,575 per dollar in the parallel market from N1,585 per dollar on Monday. However, the Naira depreciated to N1,535 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the…

The Naira experienced further depreciation in the parallel market on Wednesday, trading at N1,655 per dollar, down from N1,650 per dollar the previous day. Similarly, in the official foreign exchange market, the Naira weakened to N1,545…

The naira exhibited minimal fluctuations on Thursday, January 2, 2025, during the year's first trading session, reflecting a steady performance across key market metrics. At the official market, also known as the Nigerian Foreign Exchange…