Currencies
Nigeria's daily parallel market exchange rate tracker
Naira closes week N1,363/$ at official market, best since May 2024
The naira ended the week stronger at the official foreign exchange market, appreciating to N1,363 per dollar on Friday.
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Naira gains ground: Strengthens against Euro, settles at N1,606/€1
The Nigerian naira strengthened against major European currencies during the week's fourth trading session.
Read moreDetailsDollar hits two-week high as global risk aversion weighs on naira
The U.S. dollar climbed to a two-week high on Friday and is heading for its strongest weekly performance since November,...
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Naira stays under N2,000/£ against a strong British Pound
The naira was relatively stable against the British pound, where the sterling showed some strength this year in the global foreign exchange market
Read moreDetailsExchange rate gap at 6.4% revives arbitrage concerns
The disparity between official and parallel market exchange rates has widened to over 6%, sparking concerns of an arbitrage opportunity for...
Read moreDetailsNaira strengthens to N1,359/$ official, falls to N1,453/$ in parallel market
The naira recorded a modest appreciation at the official foreign exchange market in mid-week trading, extending a gradual recovery trend...
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FX stability, not rate level, key to sustainable growth – Folawiyo
Nigeria’s ongoing foreign exchange reforms are beginning to restore predictability to the economy, a development the Chairman of Coronation Merchant...
Read moreDetailsNaira opens February at N1,384.5/$, strengthens against dollar
The naira appreciated against the United States dollar on the first trading day of February 2026, closing at N1,384.5/$ at...
Read moreDetailsNaira closes January at N1,391/$, FX gap narrows with parallel market
The naira ended January 2026 on a stronger footing in the official foreign exchange market, closing at N1,391 to the dollar,...
Read moreDetailsNaira faces tougher U.S Dollar Era under potential Fed Chair Kevin Warsh
The Nigerian naira faces a new threat from Kevin Warsh, President Trump's nominee for chair of the US Federal Reserve.
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