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The Nigerian naira lost more ground in the parallel market on Monday, sliding to N1,420 against the United States dollar from N1,406 recorded at the close of last week, even as the currency held its footing in the official window. The divergence has quietly reopened a gap that policymakers spent much of the first…
The naira eased further against the United States dollar on Tuesday, closing weaker in both the parallel and official windows as sustained demand for foreign currency continued to test the relative calm that has defined Nigeria’s foreign exchange market for much of 2026. At the parallel market, the currency weakened to N1,405 per…
The naira turned in a mixed showing against the United States dollar on Tuesday, July 7, 2026, steady at the official window even as it lost a little ground on the streets, a pattern that has come to define the currency’s day to day movement in recent months. At the official Nigerian Foreign Exchange…
The Nigerian naira opened the second half of the year trading steadily at N1,379.69 against the United States dollar in the official foreign exchange market. Market snapshots throughout the morning show minimal volatility as the local currency defends its current price corridor. The rate briefly touched an intraday high of N1,380.49 before sliding backward to…
The naira opened the week on solid footing, trading at around ₦1,363.41 to the United States dollar at the official window on Monday, June 22, 2026, as the gap between the formal and street markets stayed unusually slim. The figure, drawn from the Nigerian Foreign Exchange Market, reflects the volume-weighted average that the Central…
The naira weakened to N1,410 against the United States dollar in the parallel market on Thursday, easing from N1,405 a day earlier, as renewed demand pressure pushed the currency lower across both segments of Nigeria’s foreign exchange market. At the official window, the currency also lost ground. Data from the Central Bank of Nigeria…
The Nigerian naira maintained relative stability against the United States dollar on Thursday, June 4, 2026, trading within a tight band across both the official and parallel foreign exchange windows as market reforms continued to anchor price discovery. At the Nigerian Foreign Exchange Market (NFEM), the naira was quoted at approximately N1,373.25 per dollar,…
The Nigerian naira held steady against the United States dollar at the start of June’s trading cycle. In the official foreign exchange window, the domestic currency exchanged at an average rate of 1,371 naira per dollar. Data from the FMDQ Securities Exchange tracked early morning transactions oscillating tightly between 1,370 and 1,372 naira. This relative…
The Nigerian naira maintained a stable trajectory against the United States dollar across both official and parallel foreign exchange markets this morning. Data from the Nigerian Foreign Exchange Market showed the local currency trading at an official rate of 1,372.84 naira per dollar. This figure represents a minor adjustment from the 1,372.64 naira recorded at…
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…
