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FX Market
The naira closed at N1,353.9741 per US dollar in Nigeria’s foreign exchange market on Friday, appreciating from the previous quote of N1,355.8855 as international payment pressures eased.
The naira depreciated strongly against the US dollar in the Nigerian foreign exchange market (NFEM) on Wednesday as pressure on the local currency deepened.
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.
US dollar inflows into Nigeria’s foreign exchange market declined by more than 26% to $689 million
The South African rand weakened against the US dollar and other crosses on Monday amid doubts
The FMDQ market showed strong performance for the week ending June 19, 2026, with total turnover
The naira softened against the dominant US dollar at the Nigerian Foreign Exchange Market
The naira tumbled against the US dollar as interbank FX turnover fell by 50% at the Nigerian foreign exchange market (NFEM) on Friday,
The gap between the official and parallel market exchange rates, or FX spread, widened to N45 per US dollar