- Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria
- CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%
- Equities Investors Lose N293bn in Nigerian Stock Market
- Alternative Bank Appoints Gul Khan as MD/CEO
- Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks
- Ethereum Dips to $2.06K as ETH Stablecoin Market Share Plunges
- Oando Advances Electric Transport Rollout, Targets Wider Adoption
- XRP Price Falls 5% on ETF Outflow, Inflation Concerns
FX Market
The official exchange rate weakened to near N1,351 as the Naira continued to face selloffs, driven by rising demand for international payments, settlements of offshore liabilities, and offshore repatriations.
The European single currency, the euro, loses its steeze in the forex market as the Iran war continues to boost demand for the US dollar amid a drive toward safer assets.
The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (NFEM). This upward trend reflects a positive shift in currency sentiment within the regulated market, with foreign payments slowing relative to US dollar volume.
Naira Strengthens by N8.46 Against the US Dollar The Naira exchange rate improved versus the…
Naira Climbs as International Payments Ease as Imports Slow The naira strengthened across both exchange…
The British pound (GBPUSD) fell to 1.33 against the US dollar, the lowest since December 2025, as the UK economy
The naira gained on Friday, closing at N1366 per dollar at the official market on Friday from N1371, following the latest round of FX market interventions.