As of Tuesday, April 15, 2025, the Nigerian naira depreciated against the U.S. dollar in the official foreign exchange market, closing at ₦1,604.00 per dollar, down from ₦1,599.00 the previous ...
Despite a sharp decline in the U.S. dollar index—down more than 2% in just two days—the Nigerian naira has yet to capitalize on the global currency shift. As of recent ...
In March 2025, the Nigerian naira depreciated by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window and by 2.6% in the parallel market, closing at ₦1,536.82/$ and ₦1,530.00/$ ...
The Nigerian naira has experienced a significant depreciation against the U.S. dollar, coinciding with the recent announcement of new tariffs by U.S. President Donald Trump. On Thursday, April 3, 2025, ...
The Naira strengthened in the parallel market on Thursday, appreciating to ₦1,560 per dollar from ₦1,570 per dollar recorded the previous day. However, in the Nigerian Foreign Exchange Market (NFEM), ...
The Nigerian naira faced continued pressure in the official foreign exchange market last week, depreciating by 1.25% to settle at ₦1,536.89/$ on Friday. Data from the Central Bank of Nigeria ...
Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing a mismatch between sales proceeds and crude oil purchase obligations, which are denominated in U.S. ...
Yesterday, the Naira fell to N1,585 per dollar on the parallel market, down from N1,565 on Tuesday. Similarly, the Naira fell to N1,546 per dollar on the Nigerian Foreign Exchange ...
The Naira fell to N1,570 per dollar in the parallel market on Friday, down from N1,545 per dollar the previous weekend. However, the Naira rose to N1,528 per dollar on ...
In the parallel market, the naira fell to N1,585 per dollar Wednesday, down from N1,565 on Tuesday. Similarly, the Naira fell to N1,546 per dollar on the Nigerian Foreign Exchange ...
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