Tag: Naira

The Nigerian naira recorded mixed performance across markets on Tuesday, sliding to ₦1,585 per dollar in the parallel market, down from ₦1,570 per dollar just a day earlier. Conversely, the ...

On Friday, the naira weakened to N1,630 per dollar in the parallel market, down from N1,625 on Thursday. Throughout the week, the currency showed a fluctuating trend, having started with ...

The naira appreciated to ₦1,600 per dollar in the parallel market on Monday, strengthening from ₦1,610 recorded over the weekend. Similarly, in the Nigerian Foreign Exchange Market (NFEM), the naira ...

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. ...