Nigeria has achieved its lowest level of crude oil theft in 16 years, a development analysts say could ease pressure on the foreign exchange market, boost fiscal revenues, and restore …
NAIRA EXCHANGE RATE
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BusinessEconomyForeign ExchangeGovernanceINVESTMENTOil & Gas
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BusinessCentral BankingEconomyForex TradingInflationNigeriaOil & Gas
Naira Sustains Rally, Trades Below N1,500 to Dollar as Reserves Hit $41.59bn
The naira continued its rally on Wednesday, closing at N1,500.91 to the United States dollar at the official Nigerian Foreign Exchange Market. The performance marked a significant milestone as the …
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BusinessEconomyFinanceForex TradingGOVERNMENTNewsNigeriaPolicies
Naira Strengthens Slightly at Official Market as Reserves Hit $41.27bn
The naira recorded a slight gain on the Nigerian Foreign Exchange Market on Friday, closing at ₦1,531.57 per dollar. This marked a 0.23 per cent appreciation compared to the previous …
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BusinessEconomyFinanceGovernment PolicyINVESTMENT
Naira Faces Weak Start but Experts Predict Stability Ahead
The naira began the new trading week on a weak note as it exchanged at ₦1,533.67 to one United States dollar at the Nigerian Foreign Exchange Market, according to figures …
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BankingBusiness InsightsCurrencyEconomyMarketsPolicies
Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
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EconomyFinance & ServicesInternational RelationsOil & GasPoliciesTrade and Commerce
Naira Nears N1,530/$ as Forex Market Gains Confidence
The naira moved closer to N1,530 per dollar in the parallel market as trading resumed on Monday, July 21, 2025. This movement comes as Nigeria’s foreign exchange market maintains some …
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AfricaBanking, Finance & InvestmentEconomyFinance & ServicesMarketsNigeria
Naira Gains Slightly as FX Market Liquidity Improves
The Nigerian naira appreciated against the US dollar across both official and parallel foreign exchange (FX) markets on Tuesday, July 2, 2025—the first trading day of the new month. This …
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Dangote IndustriesEconomyEnergyNigeriaOil & GasPoliciesUncategorized
IPMAN Says Dangote Should Sell Petrol Below N825, Cites Naira Deal and Local Refining
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Dangote Petroleum Refinery should reduce the pump price of Premium Motor Spirit (PMS), commonly known as petrol, below its …
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Banking, Finance & InvestmentBusiness PoliciesEconomyMarketsNigeriaPolicies
Naira Appreciates to ₦1,553.11/$ Amid BDC Recapitalisation Drive
The Nigerian Naira continued its steady upward trend in the official foreign exchange market on Thursday, June 6, closing at ₦1,553.11 per dollar, as reported by the Central Bank of …
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EconomyFinance & ServicesMarketsNewsNigeria
Naira Hits Two-Month High of ₦1,565.46/$ Amid Strengthening Reforms and Policy Stability
The Nigerian naira on Wednesday reached its strongest level in over two months, closing at ₦1,565.46 to the dollar at the official foreign exchange (FX) market. This marked a ₦13.82 …