Dollar to Naira exchange rate today, April 6, 2026
The Nigerian Naira started the first full trading week of April 2026 on a steady note against the US Dollar. Across both the official and parallel markets, the currency showed signs of stability, supported by recent financial reforms and the Central Bank’s tight monetary policies. At the official Nigerian Foreign Exchange Market (NFEM), the Naira […]
Dollar to Naira exchange rate today, March 11, 2026
The Nigerian Naira showed relative stability against the US Dollar in early trading on Wednesday, March 11, 2026. Data from the Central Bank of Nigeria indicates the currency opened around ₦1,397 per dollar in the official market, with slight fluctuations during trading hours. In the official Nigerian Foreign Exchange Market, the rate later moved close […]
Naira slides to N1,550/$ in parallel market
The Naira continued its decline on Tuesday, August 26, closing at N1,550 per dollar in the parallel market, down from N1,540 per dollar recorded on Monday. In the official Nigerian Foreign Exchange Market, the local currency also weakened slightly, trading at N1,537 per dollar compared to N1,536.99 per dollar the previous day, according to the […]
Presidency rejects ‘Nigeria is collapsing’ claims, says fears of Hunger exaggerated
The Nigerian Presidency has rejected suggestions that the country is falling apart, saying such claims are exaggerated and not based on the true state of things. In a statement issued on Friday, August 8, Sunday Dare — President Bola Tinubu’s Special Adviser on Media and Public Communications — strongly disagreed with an editorial titled “Nigeria […]
Naira returns to depreciation against dollar at official foreign exchange market
The Nigerian naira dropped in value again at the official foreign exchange market, closing the week with a downward trend. According to new data from the Central Bank of Nigeria, the naira traded at ₦1,539.24 to the US dollar on Friday. This shows it lost ₦3.12 from Thursday’s rate of ₦1,536.08. This loss came right […]
Naira rises to ₦1,620/$ in Parallel market
The value of the naira fell to ₦1,620 for every US dollar in the parallel market at the close of business on Tuesday, June 3. This is a drop from ₦1,610 per dollar recorded the day before, on Monday. However, the naira gained a little strength in the official Nigerian Foreign Exchange Market (NFEM). It […]
Naira depreciates against dollar at official market
The Naira went down a bit in value compared to the US dollar at the official foreign exchange market on Thursday. According to the Central Bank of Nigeria (CBN), the exchange rate on Thursday was N1,584.95 for one dollar. This was a small drop from the N1,584.49 rate recorded the previous day. This means that […]
Hardship: Nigeria’s inflation drops signal economic recovery – CPPE, Economists
Nigeria’s inflation rate has dropped for the second time in a row, leading some economists to believe the country’s economy is starting to recover. According to the National Bureau of Statistics (NBS), inflation fell to 23.18% in February 2025, down from 24.48% in January. Food inflation also declined from 26.08% to 23.51%. Despite this positive […]
Naira Appreciates To ₦1,530/$ In Parallel Market
The Nigerian Naira showed mixed performance in the foreign exchange market today. It appreciated in the parallel market, trading at ₦1,530 per dollar, an improvement from ₦1,540 per dollar on Thursday. However, in the Nigerian Foreign Exchange Market (NFEM), the Naira depreciated to ₦1,502.5 per dollar, down from ₦1,496 per dollar the previous day. This […]
Naira sustains gains, appreciates to N1,595/$
The Naira continues to gain strength, appreciating to N1,595 per dollar in the parallel market. This marks an improvement from N1,610 per dollar on Monday. Compared to last week’s rate of N1,640 per dollar, the currency has gained N45 in just one week. In the official Nigerian Foreign Exchange Market (NFEM), the Naira remained stable […]