Naira Trends

Naira Holds Firm at ₦1,534/$ as CBN Rate Stays Flat

Naira Holds Firm at ₦1,534/$ as CBN Rate Stays Flat

The naira remained steady at ₦1,534.20 per US dollar on Monday at the official Central Bank of Nigeria (CBN) exchange… Read More

3 days ago

Naira Rate Converges at 1,535/$ in Both Official and Black Markets, Ahead of CBN’s MPC meeting

The naira on Friday traded at N1,535 to the dollar in both the official and parallel (black) markets, signaling a… Read More

2 weeks ago

Naira Rallies to ₦1,518.88/$, Testing the ₦1,500/$ threshold

The Nigerian naira rallied to a four-month high against the US dollar, buoyed by a Central Bank of Nigeria (CBN)… Read More

2 weeks ago

Naira Gains in Black Market, NFEM Rate Falls Amid Rising Dollar

The naira appreciated by N5 in the parallel market on Thursday, closing at N1,545 per dollar, an improvement from N1,550… Read More

3 weeks ago

Naira Holds Firm Amid Falling Oil Prices: Analysts See Stable FX Outlook for 2025

The Nigerian naira strengthened further last week, appreciating by ₦10.67 to close at ₦1,528.56 per dollar at the official foreign… Read More

3 weeks ago

Naira Strengthens to ₦1526/USD as IMF Applauds FX Reforms and Market Stability

The naira appreciated to ₦1526.15 per US dollar in the official foreign exchange (FX) market on Wednesday, reflecting sustained stability… Read More

4 weeks ago

Naira Gains on Declining Broad Money Supply (M3)

The naira appreciated against the US dollar, with the Central Bank of Nigeria (CBN) reporting a spot rate of N1,529.71… Read More

1 month ago

Naira Strengthens by N8 last week to N1,539.23/$ as Nigeria’s FX Reserves Climb

The naira continued its bullish trend against the US dollar last week, closing at N1,539.23/$ in the official Nigerian Foreign… Read More

1 month ago

Why the Ghana Cedi is the Best Performing Currency in 2025

The Ghana Cedi (GHS) has been the best-performing currency in Africa and globally in 2025, posting the strongest gain against… Read More

1 month ago

Naira Holds at N1,549, as Oil Prices Rise, Dollar Hits Lowest Since 2022

The naira maintained its stability, closing at N1,549.2616 per U.S. dollar, nearly unchanged from its prior rate of N1,549.0368, according… Read More

1 month ago