Tag
EXCHANGE RATE
The naira remained stable at N1610–N1615 on the unofficial market as oil prices recovered above $61 per barrel, while the dollar index stayed stable in the global currency market.
The Nigerian naira fluctuated around N2,177 per British pound in the unofficial market today.
The exchange rate between the naira and the US dollar depreciated to N1,596/$1 at the official Nigerian Foreign Exchange Market (NFEM) on Monday, April 28, 2025, compared to N1,589/$1 recorded on Friday, April 25, 2025.
The Nigerian naira continued its depreciation against the US dollar at the official foreign exchange market on Thursday, closing at N1,605/$1.
The Nigerian currency showed weakness during midweek trading at the unofficial market, despite improved fundamentals in the country’s official market.
The naira continued its downward slide in the parallel market on Thursday, exchanging at N1,621/$1, a depreciation from...
Bureau De Change (BDC) operators have revealed that despite the naira's gains at the foreign exchange market during...
Nigeria’s total trade exports surged to $50.4 billion in 2024, driven by exchange rate depreciation and the elimination...
Nigeria's export competitiveness could significantly improve if the country prioritizes increasing oil production and implements strategic exchange rate adjustments.
The naira's strong performance has continued as the local currency appreciated again to close at N1514/$1 at the parallel market on Wednesday, February 19, 2025.
The Nigerian naira has demonstrated relative stability in the parallel market, trading at N1,570 per US dollar from Wednesday through Friday, December 14, 2025.
The Nigerian naira showed significant stability in the first week of February 2025, trading below N1,555/$1 in the parallel market, signaling a strong appreciation against the US dollar, market sources disclose.