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Nigeria’s currency closed the trading week on a remarkably even keel, with the naira quoted at about ₦1,368.22 to the United States dollar at the Nigerian Foreign Exchange Market on Friday, August 7, 2026, a level that caps one of the longest stretches of exchange rate calm the country has seen since the market…
Fuel marketers have resumed lifting petrol and diesel from private depots across the country after nearly a week of disrupted loading, even as ex depot prices climbed again in Lagos and moved unevenly in other coastal hubs, signalling that the volatility unleashed by Dangote Petroleum Refinery’s shift to dollar pricing is far from over….
Nigeria’s stock market opened the week on an assertive note, adding N1.755tn in a single session as heavyweight banking, cement and insurance counters lifted the benchmark to a fresh record and stretched a rally that has now defined the equities story for most of 2026. At the close of trading on Monday, the All…
The Nigerian Naira held steady against the American Dollar on Thursday, reflecting a brief moment of calm in the country’s foreign exchange market. Data from the official trading portal showed the local currency traded at an average rate of 1,376.50 Naira to one Dollar. This minor gain followed Wednesday’s closing rate of 1,383.50 Naira at…
The naira eased further against the United States dollar on Tuesday, closing weaker in both the parallel and official windows as sustained demand for foreign currency continued to test the relative calm that has defined Nigeria’s foreign exchange market for much of 2026. At the parallel market, the currency weakened to N1,405 per…
The Nigerian naira opened the second half of the year trading steadily at N1,379.69 against the United States dollar in the official foreign exchange market. Market snapshots throughout the morning show minimal volatility as the local currency defends its current price corridor. The rate briefly touched an intraday high of N1,380.49 before sliding backward to…
The Nigerian naira opened trading today, holding firm within its familiar N1,360 threshold at the official foreign exchange window. Latest transactional data shows the local currency hovering around N1,360.50 per US dollar at the official Nigerian Foreign Exchange Market. The parallel market mirrors this relative calm, with street traders quoting buying and selling rates between…
The Nigerian naira appreciated slightly against the United States dollar on Wednesday across both official and parallel markets. Data from the Nigerian Foreign Exchange Market showed the domestic currency trading at 1,353.48 naira per dollar at the official window. This figure represents a modest gain from the 1,357.26 naira recorded during trading sessions earlier in…
The Nigerian naira maintained its resilience against the United States dollar on Monday in both official and parallel markets. Data from the Nigerian Foreign Exchange Market showed the domestic currency trading at 1,357.26 naira per dollar at the official window. This figure represents a slight appreciation from the 1,361.05 naira recorded during previous trading sessions…
The Nigerian naira maintained relative stability against the United States dollar on Thursday, June 4, 2026, trading within a tight band across both the official and parallel foreign exchange windows as market reforms continued to anchor price discovery. At the Nigerian Foreign Exchange Market (NFEM), the naira was quoted at approximately N1,373.25 per dollar,…
