Browsing: Exchange Rate

The naira appreciated to N1,349 to the US dollar at the Nigerian foreign exchange market (NFEM) as the local currency extended its rally on Monday.

The naira extends its year-to-date rally, supported by sufficient foreign-currency liquidity in the official window, according to trading data from the Central Bank of Nigeria (CBN).

The Nigerian naira firmed to ₦1,362.5543 per US dollar at the official window on Tuesday, as forex supply eclipsed international payment requests. 

The Nigerian naira dropped slightly to N1368.2232 per US dollar at the official window during the last trading session on Friday, coincidentally the end of July, 2026.

The Nigerian naira softened against the US dollar at the official FX window, with data showing a sharp decline in interbank turnover over the past 24 hours.

The naira gained value, rising by about N18.10 per US dollar in the official foreign exchange

The FX spread, or the exchange rate gap between the naira spot rates in the official and informal segments

The Naira appreciated against the US dollar by about 0.10% to N1369 in the Nigerian foreign exchange market (NFEM) amidst growing external reserves.

The naira gained momentum against the US dollar in Nigerian foreign exchange markets, signalling a welcome relief as pressures from international settlements and import payments ease.

The naira halted its negative trend in the foreign exchange market after data showed the Central Bank of Nigeria (CBN) pumped dollars to influence the direction of the spot rate at the official window.