The naira appreciated to N1,345/$ at the official foreign exchange market on Tuesday, improving from N1,355/$ recorded on Monday. This is according to data published on the Central Bank of Nigeria (CBN) website. Checks by Nairametrics show that Tuesday’s closing rate represents the strongest level for the naira since February 18, 2026, when the currency closed at N1,340/$, signaling continued...

The naira continued its upward momentum on Monday, appreciating to N1,355/$ at the official foreign exchange market, according to Central Bank of Nigeria (CBN) data. The latest figure reflects an improvement from N1,363.5/$ recorded on Friday, indicating sustained gains in recent trading sessions. The movement shows that the currency has maintained a recovery trend over the past week, supported by...

The naira strengthened to close at N1,363.5 per dollar at the official foreign exchange market on Friday, rebounding after a sharp depreciation at the start of the week. Data tracked by Nairametrics on the Central Bank of Nigeria’s (CBN) website shows that the currency experienced significant volatility during the week, weakening sharply on Monday before gradually recovering over subsequent trading...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says ongoing foreign exchange (FX) reforms have significantly boosted capital inflows, improved market liquidity and strengthened confidence in the Naira. 

The Nigerian naira remained near its key resistance level against the U.S. dollar during the second trading session of the week. The pair is moving away from the extreme volatility seen in 2024–2025 as it enters a consolidation phase. Currently, the fundamentals are mixed; buffers have noticeably improved, but structural headwinds remain. The naira settled at N1,399.07 to the dollar...

Some African currencies strengthened against the U.S. dollar in February 2026, reflecting that macroeconomic indicators are improving, foreign exchange interventions in some markets are working out, and there are moderate capital inflows across select frontier economies. 

The Naira weakened to N1,425 per dollar on Monday, slipping from N1,398 per dollar recorded on Friday, as volatility in global oil prices and movements in the U.S. dollar continued to influence currency markets. This is according to data published on the Central Bank of Nigeria’s (CBN) website on Monday. The latest exchange rate marks the naira’s weakest closing level...

Optimism was high, and for a brief moment, the Naira appeared determined to prove its critics wrong. 

The Naira weakened further at the end of the trading week, closing at N1,398 per dollar on Friday, as foreign exchange liquidity pressures persisted in the market. 

Latest market action showed Naira was stable against the British pound in the Nigerian foreign exchange market amid increased demand for naira-denominated assets and poor economic performance in the UK. 

Nigeria’s broad money supply (M3) fell to N123.36 trillion in January 2026, compared to N124.4 trillion recorded in December 2025. The figures are contained in the latest monetary statistics released by the Central Bank of Nigeria. Broad money, or M3, comprises currency in circulation outside banks, demand deposits, savings and time deposits, as well as foreign currency deposits. The month-on-month decline indicates a slight...

The naira continued its downward trend at the official foreign exchange market on Tuesday, March 3, 2026, closing at N1,390/$ and extending a depreciation streak that has lasted nearly two weeks.  

The naira weakened to N1,376 per dollar on Monday as the U.S. currency rallied globally following renewed geopolitical tensions in the Middle East.  

Exchange rate disparity between the official and parallel markets has widened amid rising speculative activity and dollar supply constraints in the economy.

The naira ended February 2026 at N1,368.5/$ in the official market, up from N1,384.5/$ at the start of the month, reflecting a modest month-on-month appreciation.

The Naira is showing signs of stability, although it remains under pressure from global geopolitical tensions, in contrast to the extreme volatility of previous years.  

The naira depreciated steadily in the official market throughout the week, coinciding with the 304th Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria.  

Foreign transactions on the Nigerian equities market fell by 75% month-on-month to N114.14 billion in January 2026, as overall trading activities on the Nigerian Exchange declined sharply despite strong year-on-year growth. This is according to the latest Domestic and Foreign Portfolio Investment Report released by the Nigerian Exchange Limited (NGX). The report attributes the steep drop in foreign participation largely to...

The naira depreciated to N1,359/$ on Tuesday following the conclusion of the 304th Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN).  

Nigeria’s gross external reserves rose to $50.45 billion as of February 16, 2026, marking the highest level in 13 years, as the Central Bank of Nigeria signalled stronger confidence in the country’s external position. 

Recent price action shows the local currency is cooling off against the British pound amid growing interest in naira-denominated assets and the CBN's efforts to mop up dollar liquidity in the Nigerian foreign exchange market. 

The naira weakened slightly in the official foreign exchange market on Monday, closing at N1,353.5/$ ahead of the 304th Monetary Policy Committee meeting of the Central Bank of Nigeria scheduled to conclude in Abuja on Tuesday.  

The naira appreciated week-on-week in the official foreign exchange market on Friday, closing at N1,348 per dollar to cap a week of steady gains against the greenback.  

The naira extended its gains against the euro in late February 2026, appreciating 4.6% month-to-date at the official market.  

The Central Bank of Nigeria (CBN) has warned that the rapid expansion of private digital payment platforms and stablecoins could threaten foreign exchange stability and trigger capital flow pressures in emerging markets. 

The naira depreciated to N1,340/$ at the official market on Wednesday, down from N1,337/$ recorded on Tuesday. 

Chairman of the Dangote Group, Aliko Dangote, has projected that the naira could strengthen to as low as N1,100 to the dollar this year, driven by the Federal Government’s industrial and economic reform policies.

Latest price action showed the Nigerian naira strengthened against the British pound amid rising interest in naira-denominated assets and weak UK economic data.  

The Naira appreciated to N1,337 per dollar at the official foreign exchange market on Tuesday, up from N1,344 recorded on Monday. 

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria is playing a pivotal role in advancing Africa’s single currency agenda.