
₦1,397/$ Official but ₦1,480/$ Parallel — FX Spread Still Wide as Market Enters February
As Nigeria opened the first full trading week of February 2026, the official dollar-to-naira rate remained anchored around ₦1,396–₦1,398 per

As Nigeria opened the first full trading week of February 2026, the official dollar-to-naira rate remained anchored around ₦1,396–₦1,398 per

The naira strengthened to ₦1,394 per dollar at Nigeria’s official foreign exchange window on Wednesday—its strongest level since May 2024—even

Nigeria’s currency began 2026 with improved stability at the official window, supported by Central Bank reforms, stronger external reserves, and

Nigeria’s naira began the 2026 trading year with a modest but symbolically important gain at the official foreign exchange market,

Trading on the Nigerian Exchange (NGX) ended on a negative note Tuesday, with the All-Share Index (ASI) shedding 0.10% to

The Naira continued its steady appreciation against the US dollar, rising to ₦1,490/$ in the parallel market on Monday, marking

Key Points The Central Bank of Nigeria (CBN) sold $122.7 million to 46 authorised dealers to stabilise the foreign exchange

Key Points The Central Bank of Nigeria (CBN) allows eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX)

The Central Bank of Nigeria (CBN) has voiced confidence that the initiatives it has taken in monetary policy are having






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