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The Nigerian Naira maintained relative stability against the United States Dollar during early morning trading across both official and parallel markets. Financial market data on Tuesday showed the local currency trading near N1,370.94 per dollar at the official window. Bureau de Change operators in Lagos and Abuja reported similar tight trading spreads, indicating a temporary…
Nigeria’s currency held firm against the United States Dollar in the early hours of Thursday, May 21, 2026, trading at 1,371.25 per Dollar in the Nigerian Foreign Exchange Market, the official window for formal currency trade, following the Central Bank of Nigeria’s decision to retain its benchmark interest rate unchanged. The Monetary Policy Committee…
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…
Nigeria’s equities market extended its winning streak to a fifth consecutive week, with the NGX All-Share Index leaping 7.33 per cent to close at 242,277.81 points but a sharp split in sectoral performance revealed that not all investors were sharing in the euphoria. Market capitalisation swelled by N10.66tn to reach N155.99tn, driven by aggressive…
The Nigerian naira maintained a cautious equilibrium against the United States dollar on Tuesday, trading at ₦1,374 in the official market. This relative stability reflects a central bank determined to pin the currency within a narrow band, even as the broader economy chafes under dollar scarcity. While the official window saw trades fluctuate between ₦1,362…
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 remained largely unchanged on Thursday, trading at 1,379.50 against the dollar. Data from the Nigerian Foreign Exchange Market show the currency opened at 1,378.98 before hitting an intraday peak of 1,380.00. This stability persists despite a volatile global backdrop that threatens to upend emerging market currencies. Local trading activity stayed moderate as dealers…
The naira opened the week with a quiet show of strength. On April 6, the currency rose to ₦1,377.80 per dollar in the official market. This small gain follows a close of ₦1,380.79 last week. Stability is becoming a habit rather than an accident. The Central Bank of Nigeria (CBN) now uses a matching system…
The naira opened the second quarter with quiet resilience, trading at ₦1,385.27 against the dollar on Wednesday. This stability marks a departure from the frantic devaluations that once defined the Nigerian Foreign Exchange Market. Traders report a steady flow of greenbacks from autonomous sources, suggesting that private supply is finally meeting local needs. The market…
The Naira maintained a fragile stability against the US Dollar on Friday, March 27, 2026. At the Nigerian Foreign Exchange Market (NFEM), the currency traded within a narrow band of ₦1,350 to ₦1,370. Mid-market indicators placed the official rate at approximately ₦1,356, reflecting a period of uncharacteristic calm. This follows months of aggressive interventions by…
