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The naira closed out July on a stable footing against the United States dollar, extending a run of calm that has defined Nigeria’s foreign exchange market through much of 2026 and narrowing the long standing gap between official and street rates. At the official Nigerian Foreign Exchange Market (NFEM), the dollar traded around ₦1,360…
The Nigerian naira opened the week with relative stability against the United States dollar on Monday across both the official and parallel foreign exchange windows. Financial sector data showed the domestic currency trading at an average of 1,360.71 naira per dollar at the official foreign exchange market. This current baseline represents a minimal, steady movement…
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…
