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The Nigerian naira holds steady in both official and parallel foreign exchange markets this week. Official rates at the Nigerian Foreign Exchange Market (NFEM) hover between ₦1,350 and ₦1,355 per dollar. This performance reflects the Central Bank of Nigeria’s managed float system. The regulator attempts to curb sharp volatility through intermittent interventions. Market sentiment remains…
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…
Nigeria’s foreign exchange market opened the week on a mixed note as the naira strengthened marginally in the parallel market but weakened at the official window, highlighting persistent liquidity pressures and uneven supply dynamics. Latest figures show the naira appreciated to N1,387 per dollar in the parallel market, improving slightly from N1,389 per dollar…
The Nigerian Naira began the trading week with measured stability, opening at N1,358.84 per Dollar in the official market on April 13. Early volatility saw the currency touch N1,362.08 before central bank liquidity management tethered it back to its starting range. This official rate reflects the ongoing effort by monetary authorities to curb wild fluctuations…
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…
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…
The Nigerian currency recorded its second consecutive daily depreciation in both the official Nigerian Foreign Exchange Market and the parallel market, reversing some of the gains achieved during February’s appreciation rally. The naira extended its losing streak against the United States dollar yesterday, depreciating across both the official and parallel foreign exchange windows as…
