By Seun Ibiyemi The Nigerian naira weakened further on Wednesday, March 4, 2026, as currency trading in both official and parallel foreign exchange markets reflected persistent demand pressures and liquidity stresses. In official mid-week trading at the Nigerian Foreign Exchange Market (NFEM), the naira opened around ₦1,379 per US dollar and fluctuated within a narrow…
By Seun Ibiyemi The Nigerian naira experienced a modest depreciation against the United States dollar on Tuesday, with currency markets showing signs of renewed demand pressure and cautious trading activity. Data from the Nigerian Foreign Exchange Market (NFEM) reported that the naira opened trading around ₦1,368 to the dollar in the official FX window, eventually…
By Seun Ibiyemi The Nigerian naira maintained a relatively stable performance against the United States dollar today, with traders showing cautious optimism as the new trading week began. According to currency market data, ₦1,360 was exchanged for $1 on the foreign exchange market as of this morning, reflecting only minor day‑to‑day movement and signalling stability…
By Seun Ibiyemi The naira weakened against the United States dollar across foreign exchange segments for the week ended Friday as sustained demand pressures outweighed liquidity support measures. Data from the official Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency closed the week at ₦1,363.39 per dollar on Friday, compared to ₦1,359.82…
By Adeyemi David A former Commissioner for Health in Ogun State, Prof. Iyabo Obasanjo, has commended the President Bola Tinubu-led administration for its efforts in stabilising the Naira, expanding infrastructure, and enhancing international trade engagements. Obasanjo made the remarks on Saturday during a media parley in Abeokuta, where she addressed questions on her political ambitions,…
By Seun Ibiyemi The naira recorded a largely stable performance on Thursday, trading within a narrow range against the United States dollar across official and parallel foreign exchange markets. At the official window, the local currency hovered around the ₦1,350 mark to the dollar, reflecting relative calm in the Nigerian Foreign Exchange Market. Market participants…
By Seun Ibiyemi The Nigerian naira witnessed mixed performance in the foreign exchange market on Wednesday, with the local currency slightly weakening in the official window even as it showed strength in the parallel market amid continued policy interventions. According to data from the official foreign exchange segment, the naira depreciated modestly, trading around ₦1,359…
By Seun Ibiyemi President Bola Tinubu on Tuesday expressed optimism that the Naira would soon appreciate to N1,000 against the United States dollar, declaring that the target could be achieved “in a matter of weeks.” The President made the assertion while addressing participants at the Renewed Hope Ambassadors Summit held at the Presidential Villa, Abuja.Naira…
By Seun Ibiyemi The Nigerian naira maintained a relatively stable performance against the United States dollar in trading on Tuesday as sustained interventions by the Central Bank of Nigeria (CBN) continued to support liquidity and narrow the gap between official and informal market exchange rates. Data from the Nigerian Foreign Exchange Market (NFEM) showed that…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) intervened in the foreign exchange market last week, purchasing about $190 million to moderate the naira’s rapid appreciation at the official window. The move followed a strong rally by the local currency, which had appreciated significantly before retreating during the final three trading sessions that ended…
