Currencies
Nigeria's daily parallel market exchange rate tracker
Strong naira, NGX bull run propel Dangote, Rabiu’s wealth to a record high
Wealth for Nigeria's top industrialists is expected to surge rapidly due to a 'perfect storm' of a strengthening naira and...
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FX inflows hit $3 billion in January as yields lure offshore portfolio capital
Foreign portfolio investors (FPIs) lifted Nigeria’s foreign exchange inflows to $3.0 billion in January 2026, a 7% month-on-month increase, as elevated domestic...
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Naira trades below N1,350/$ for the first time since May 2024
The naira strengthened to N1,349.5 per US dollar on Tuesday, making it the first time it traded below the N1,350/$ mark since May...
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CBN allows BDCs back into official FX market with $150,000 weekly cap
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market (NFEM),...
Read moreDetailsNaira begins week at N1,354.9/$, best performance since May 2024
The naira appreciated against the United States dollar at the official foreign exchange market this week, closing stronger on Monday...
Read moreDetailsNaira weekly view: Forecast points to N1,350–N1,420/$ range
The Nigerian Naira settled at N1,364 to $1 in the official market last week.
Read moreDetailsNaira closes week N1,363/$ 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
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