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…

Read Full News
Naira Firms at 1,344 as Dollar Supply Expands

Naira Trades at N1,360 Against the Dollar 

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…

Read Full News