Currencies
Nigeria's daily parallel market exchange rate tracker
Naira strengthens to N1,348/$ amid fresh tensions between US and Iran
The Nigerian currency showed consolidation against the American dollar after the recent bullish run for the Naira. after the pair...
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FX reserves fall to $48.6bn, down $1.38bn in 5 weeks
Nigeria’s foreign exchange reserves have declined to $48.6 billion as of April 16, 2026, marking a cumulative drop of about...
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Naira strengthens to N1,342.5/$ amid external reserves decline
The Naira extended its appreciation streak on Friday, closing at N1,342.5/$, an improvement from N1,355.25/$ recorded at the end of...
Read moreDetailsNaira strengthens to N1,341.99/$, hits strongest level since February
The naira extended its recent rally on Wednesday, closing at N1,341.99/$ at the official market—its strongest level since February 18,...
Read moreDetailsNaira depreciation widens exchange rate gap as traders cite speculation, liquidity issues
The recent volatility of the exchange rate at the black market has been linked to fiscal leakages, speculation and arbitrage activities, which...
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British Pound gripped at N1,825/£1 as Naira displays renewed strength
The Naira has shown more strength than the Pound. The Central Bank of Nigeria's (CBN) increased foreign exchange liquidity, increased...
Read moreDetailsNaira strengthens to N1,348/$ as dollar hits six-week low
The naira appreciated to N1,348/$ at the official foreign exchange market on Tuesday, strengthening alongside a broader weakness in the...
Read moreDetailsNaira strengthens to N1,355/$ despite decline in external reserves
The naira appreciated to N1,355.25/$ at the official foreign exchange market on Friday, marking its strongest level in recent sessions.
Read moreDetailsNaira maintains stability against British Pound Sterling at N1,862/£1
Most recent market activity has revealed that, despite rising demand for assets denominated in naira and weak UK economic performance, the Naira...
Read moreDetailsNaira strengthens to N1,365/$ as Dollar heads for weekly loss
The Naira appreciated to N1,365/$ on Thursday, gaining against the U.S. dollar amid a broader global decline in the greenback....
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