Naira weakens to N1,565/$1 on parallel market, widest gap with official rate in over one week
The Naira fell to its weakest level in more than a week on the parallel market on Tuesday, trading at ...
Tag: Naira exchange rate
News and stories about Naira exchange rate
Naira opens at N1560/$, dollar stable after Friday’s crash
The Naira began the week at N1,560/$ in the black market.
Forex traders cite excess dollar supply, security enforcement as reasons for massive naira gains
Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market ...
Naira tilts towards N1530/$ in unofficial market
The naira edged toward N1530/$ in the unofficial market at the start of the first trading session of the week.
CBN MPC member Sagagi projects Naira to appreciate to N1,450/$1 by December 2025
The Naira is projected to appreciate to N1,450/$1 by the end of the year, strengthening from its current rate of ...
Naira stabilises as exchange rate gap narrows to N1 across parallel and official markets
The naira continued its recent streak of relative stability, closing the gap between the official and parallel exchange markets.
Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons
Analysts at Optimum Global have projected that the naira will trade between N1,500 and N1,600 in the second half of ...
Naira strengthens to N1,550/$ in parallel market; here’s why it’s gaining
The exchange rate closed the week with a mixed performance, as the naira recorded a slight depreciation in the official ...
Naira breaks below N1,600/$ as U.S dollar hits 3-year low
The Naira broke the key resistance line at the black market while the greenback sank to a 3-year low in ...
Naira hits N1,600/$ as Israel-Iran ceasefire and oil price drop shake Nigerian economy
The naira traded around the N1,600/$ mark on Tuesday in the unofficial market and depreciated to N1,550/$ in the Nigerian ...
