The Central Bank of Nigeria (CBN) has issued a call for prudence in the handling of naira notes, characterizing the currency as an indispensable emblem of national pride. This appeal was made on a Thursday in Awka during a fair centered around the theme, “Driving Alternative Payment Channels as Instruments for Financial Inclusion, Expansion, and…
On Monday, the naira improved significantly against the US dollar in the official foreign exchange market reversing the losses recorded on Friday, October 17, 2025. The naira has improved as at Monday, according to the data provided by the Central Bank of Nigeria, it was appreciated to N1,465.29 per dollar, a significant improvement over the…
On Friday, the Naira made a commendable comeback against the dollar in the official foreign exchange arena, concluding the week on a positive note. Data from the Central Bank of Nigeria indicated that the Naira appreciated on Friday to N1,501.5 per dollar, a rise from the N1,502.13 recorded on Thursday. This signifies a modest daily…
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,…
