Naira Gains in Official Trade as Gap Shrinks

Naira Firms at N1,354 as Foreign Reserves Hit 17-Year Peak

The Nigerian naira gained modest ground against the American dollar on Monday morning as foreign exchange liquidity improved across trading desks. Official market figures placed the currency at roughly 1,354 naira per dollar, extending a multi-day rally. Street traders in Lagos offered greenbacks near 1,405 naira, keeping the parallel market premium narrow. Central bankers view…

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Naira Sinks to N1400 per Dollar in the Parallel Market

Naira Holds Steady at N1,399 

The Nigerian Naira maintained a stable trajectory against the US Dollar during early trading on Wednesday, March 11, 2026. Data from the Nigerian Foreign Exchange Market (NFEM) and parallel channels show the local currency has successfully resisted pressure from corporate demand. The Naira opened the day at ₦1,397.00 and, by mid-morning, was quoted at approximately…

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