Forex Volatility Worsens as Black Market Pressure Widens Gap with Official Exchange Rate
Volatility in Nigeria’s foreign exchange market has been linked to fiscal leakages, speculative trading and arbitrage activities, as the gap ...
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Tag: #Naira
Bonny Light Hits $120 as Naira Faces Pressure Amid US-Iran Tensions
Crude oil prices surged this week due to the ongoing US–Iran conflict, with Bonny Light crude reaching $120 per barrel. ...
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Naira Hits N1,345/$ Amid Stable FX Trading Despite Slight Dip in Reserves
The naira strengthened to N1,345 per dollar at Nigeria’s official foreign exchange market on Tuesday, marking its strongest level since ...
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Cash Outside Banks Drops by N197bn as Money Supply Declines in January
Cash held outside Nigeria’s banking system declined by N197.68bn in January 2026, even as overall liquidity in the economy weakened, ...
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Dangote Predicts Naira Will Strengthen to ₦1,000/$1 in 2026
The Chairman of Dangote Group, Aliko Dangote, has projected that the naira could appreciate to ₦1,000 against the dollar before ...
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Nigeria’s Currency in Circulation Hits Record ₦5.7 Trillion in December 2025 — CBN
The Central Bank of Nigeria (CBN) has disclosed that the country’s currency in circulation rose to ₦5.7 trillion as of ...
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Naira Opens 2026 Stronger, Trades at N1,430.84/$ on Improved FX Stability
The naira began the first trading day of the New Year on a positive note, appreciating to N1,430.84 per dollar ...
Read moreNaira Holds Steady Against Dollar at Official and Parallel Markets
The Naira remained stable against the United States Dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel ...
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CBN Injects $536.6m into FX Market in November as Naira Closes at N1,447.95/$1
The Central Bank of Nigeria (CBN) injected an estimated $536.6 million into the foreign exchange (FX) market in November in ...
Read moreDollar to Naira exchange rate today, Monday November 24, 2025
Pressure on the naira intensified in the unofficial foreign exchange market as currency traders priced the US dollar higher on ...
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