In a recent turn of events, the Naira made a notable leap in the parallel market, rising to N1,550 per dollar; a slight improvement from N1,555 the day before. This uptick offers a glimmer of hope for those closely watching currency fluctuations in Nigeria’s economy. However, it’s not all smooth sailing for the Naira, as…
The naira has further weakened against the dollar in the official foreign exchange arena for the second successive time this week. Data from the Central Bank of Nigeria revealed that the nation’s currency, the naira, settled at N1,537.09 against the dollar on Tuesday, rising from N1,535.92 registered on Monday. This indicates that the naira has…
The naira continued its upward trend against the dollar in the official foreign exchange market on Wednesday, marking its third consecutive day of gains this week. According to data released by the Central Bank of Nigeria, the naira strengthened to N1,526.15 against the dollar on Wednesday, up from N1,529.57 on Tuesday. This represents a daily…
Ajibola Olarinoye On Wednesday, the naira experienced its most significant single-day appreciation against the dollar in the official foreign exchange market, continuing a three-day upward trend. According to data from the Central Bank of Nigeria, the naira strengthened to N1,565.46 per dollar, up from N1,579.27 on Tuesday. This represents a notable increase of N13.81 against…
The Nigerian currency, the naira, experienced a substantial appreciation against the dollar in both the official and parallel foreign exchange markets on a week-to-week basis. Data from the Central Bank of Nigeria, covering the period from May 16 to May 23, 2025, indicated that the naira strengthened to N1,580.44 per dollar, up from N1,598.72. This…
This week, the naira has experienced its first appreciation against the dollar in the parallel foreign exchange market. Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4, Abuja, informed DAILY POST that the naira strengthened to N1625 per dollar on Thursday, up from N1635 on Wednesday. “We buy dollars at N1620 and sell…
The Naira this weekend depreciated against the dollar in the official foreign exchange market, concluding the week on a low note. According to data from the Central Bank of Nigeria, the Naira fell to N1,602.18 per dollar on Friday, down from N1,596.68 on Thursday. This decline of N5.492 marks the largest depreciation since April 22,…
On Tuesday, the naira saw a slight appreciation against the dollar in the official foreign exchange market. According to data from the Central Bank of Nigeria, the naira rose to N1,599.70, up from N1,599.94 on Monday. This indicates a marginal increase of N0.20 per dollar compared to the previous day. Unlike Monday, the naira strengthened…
The naira continued its decline against the dollar in the official foreign exchange market, concluding the week on a negative note. According to data from the Central Bank of Nigeria, the naira weakened further to N1,567.02 per dollar on Friday, a drop from Thursday’s trading. This represents a daily decrease of N14.49, down from the…
This week, the naira experienced its first increase against the dollar in the parallel foreign exchange market on Tuesday. Idris Yunusa, a Bureau de Change operator in Wuse Zone 4, Abuja, informed DAILY POST that the naira rose to N1,580 per dollar on Tuesday, up from N1,585 on Monday. This marks a gain of N5…
