Naira slips in official market, U.S dollar shows strength
The naira slipped marginally against the safe-haven currency during the first trading session of the week, while the dollar showed ...
Tag: Exchange Rate
Naira set to break below N1,500/$ resistance
The Nigerian currency is less than N30/$ away from breaking the key resistance level of N1500/$ in Nigeria's official market.
IMF commendation sparks strong gains for Naira across parallel, official markets
The naira appreciated to N1,565 per dollar on Thursday at the parallel market, up from N1,580 per dollar on Wednesday, ...
Naira gains big in official market as dollar sinks globally
The Nigerian currency showed some strength in the Nigerian foreign exchange market, while the haven currency dipped to its lowest ...
Exchange rate disparity returns as Naira appreciates to N1,545/$ officially, depreciates to N1,605/$ on parallel market
The exchange rate closed the week with a mixed performance, as the naira recorded a slight appreciation in the official ...
Naira holds below N1,600/$ in the holidays
The Nigerian currency traded below the key resistance (N1600/$) against the greenback at the unofficial market.
Naira faces U.S dollar resurgence amid Nigeria’s oil production boost
The Nigerian currency oscillated between the N1620-25/$ support line in the unofficial market amid the resurgence of the dollar in ...
Pressure mounts as Naira depreciates to N1,625 lowest points in 2025
The naira oscillated near its 2025 lows amid renewed appetite for the greenback, while the U.S. dollar index posted upside ...
Naira weakens to N1,612/$1 at official market amid persistent FX supply concerns
The Naira depreciated to N1,612/$1 at the official Nigerian Foreign Exchange Market (NFEM) on Wednesday, May 7, 2025, down from ...
Brent crude rally lifts some pressure off Naira
The naira remained stable at N1610–N1615 on the unofficial market as oil prices recovered above $61 per barrel, while the ...
