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The naira maintains its fragile grip on the 1,370 mark against the American dollar as trading opens this Thursday. Market data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) shows the local currency starting the day at 1370.05. This slight shift follows a week of incremental movements that suggest a cooling of the recent frantic…
The Nigerian Naira recorded a modest depreciation against the United States Dollar in the early hours of Thursday, 23 April 2026, as sustained demand for the greenback continued to test currency stability across both the official and alternative foreign exchange segments. Real-time data published by the FMDQ Securities Exchange showed that the Naira opened…
The Naira weakened by 2.48 percent in early Tuesday trading as corporate demand for the US Dollar intensified. Opening rates at the Nigerian Foreign Exchange Market averaged ₦1,388.38, a sharp drop from the previous week’s close of ₦1,353.90. This sudden volatility tested the Central Bank of Nigeria’s new electronic matching system. Intraday rates even touched…
