Currencies
Nigeria's daily parallel market exchange rate tracker
Cardinal Stone projects stronger Naira at N1,350–N1,450/$ in 2026
The naira could strengthen to between N1,350 and N1,450 per dollar in 2026, driven by improving macroeconomic fundamentals and a...
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Naira likely to remain under pressure in 2026 — Yemi Kale
Naira is expected to remain under pressure against the United States dollar in 2026, with outcomes ranging from moderate depreciation...
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Over 93% of Nigeria’s cash stayed outside banks in November
Nigeria’s cash economy remained dominant in 2025, as the bulk of currency in circulation continued to sit outside the formal...
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Dollar inflows into Nigeria’s FX market slide 21% as foreign investors retreat
Total dollar inflows into the Nigeria Foreign Exchange Market (NFEM) declined by 20.67% week on week to US$593.70 million, down...
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Borrowing rates projected to ease amid Naira optimism – CBN survey
Borrowing rates in Nigeria are projected to ease gradually over the next six months, supported by expectations of a stronger...
Read moreDetailsNaira slips to N1,431/$ on first trading day of 2026
The naira weakened slightly to N1,431 per dollar at the official foreign exchange market on the first trading day of 2026,...
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Naira ends 2025 at N1,429/$1, first annual gain after 13 years
The Nigerian Naira ended 2025 at N1,429/$, gaining 7.4%. This is also the first annual gain following 13 years of...
Read moreDetailsNigeria’s IMTO inflows drop 11.78% to $2.07 billion in H1 2025
Nigeria recorded an 11.78% decline in remittance inflows through International Money Transfer Operators (IMTOs) in the first half of 2025...
Read moreDetailsNaira strengthens, trades below N1,460/$1 as week kicks off
The naira opened the week on a positive note, appreciating to below N1,460 per US dollar on Monday, signaling renewed...
Read moreDetailsNaira depreciation: Forex traders blame liquidity crunch, weak Detty December inflows
Currency traders have complained of liquidity challenges in the forex market, causing the depreciation of the naira in recent times.
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