Naira Trends

Naira Slips to ₦1,548/$ Amid FX Pressure as Oil Prices Tumble on Iran-U.S. Tensions

Naira Slips to ₦1,548/$ Amid FX Pressure as Oil Prices Tumble on Iran-U.S. Tensions

The naira weakened slightly against the U.S. dollar on Monday, closing at ₦1,548.52 per dollar at the Central Bank of… Read More

1 month ago

Naira Depreciates Slightly to N1545.26/$1 at Official Market

The naira weakened marginally against the US dollar at the official foreign exchange market, closing at N1545.26/$1, down from N1544.62/$1.… Read More

1 month ago

CBN Pumps $428m into Forex Market to Defend Naira in less than 2 weeks

In a decisive bid to bolster the Nigerian naira, the Central Bank of Nigeria (CBN) pumped $428 million into the… Read More

1 month ago

Naira Strengthens to N1539.72/$1 In the Official Market Amid Robust FX Supply

The naira has surged to N1539.7248 per US dollar on the Central Bank of Nigeria's official foreign exchange platform. This… Read More

2 months ago

CBN Denies BDC Recapitalisation Deadline Extension, Stands Firm on June 2025

The Central Bank of Nigeria (CBN) has categorically dismissed reports claiming an extension of the Bureau De Change (BDC) recapitalisation… Read More

2 months ago

Naira Gains at Official Markets, But BDC Challenges and Reserves Dip Pose Risks

The naira appreciated to N1,565/$1 in the official market on Wednesday, marking a 0.8% gain from Tuesday’s rate of N1,579/$1,… Read More

2 months ago

Bearish Mood Deepens as NGX Loses ₦48bn, Naira Weakens to ₦1,615 in Parallel Market

The Nigerian Exchange (NGX) closed Thursday’s session on a negative note, with the All-Share Index (ASI) declining by 0.07% to… Read More

2 months ago

Naira Drops to N1,583/$1 at Official Market as FX Reserves Fall and BDC Reforms Intensify

The Nigerian naira weakened to N1,583 per US dollar on Monday at the official market, down from N1,579 per dollar… Read More

2 months ago

Naira Extends Gains Against Dollar, Closes at N1,596.70

The Nigerian Naira extended its gains against the U.S. Dollar on Wednesday, appreciating by 0.21% to close at N1,596.70 per… Read More

3 months ago

Naira Depreciates to N1,620/$ at the Parallel market

The naira lost value against the dollar at both official and parallel foreign exchange markets on Wednesday, for the first… Read More

4 months ago