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 ...
Tag: Exchange Rate
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 ...
Naira holds resilient British pound below N2,200/£ at unofficial market
The Nigerian naira fluctuated around N2,177 per British pound in the unofficial market today.
Exchange rate depreciates to N1,596/$1 at official market
The exchange rate between the naira and the US dollar depreciated to N1,596/$1 at the official Nigerian Foreign Exchange Market ...
Naira weakens as exchange rate hits N1,605/$1 at official market
The Nigerian naira continued its depreciation against the US dollar at the official foreign exchange market on Thursday, closing at ...
Naira settles at N1,620/$ at unofficial market amid weak Dollar index
The Nigerian currency showed weakness during midweek trading at the unofficial market, despite improved fundamentals in the country’s official market.
Exchange rate weakens further to N1621/$1 in parallel market
The naira continued its downward slide in the parallel market on Thursday, exchanging at N1,621/$1, a depreciation from N1,580/$1 recorded ...
Naira struggles to regain confidence despite recent gains – BDC Operators
Bureau De Change (BDC) operators have revealed that despite the naira's gains at the foreign exchange market during the week, ...
Nigeria’s trade exports hit $50.4 billion as exchange rate depreciation and fuel subsidy removal boost trade balance
Nigeria’s total trade exports surged to $50.4 billion in 2024, driven by exchange rate depreciation and the elimination of fuel ...
