Tag: Exchange Rate

Tinubu: Naira to exchange for 1000 to $1 in weeks amid reform gains

Business Damilola Bayonle -
Naira to Exchange for 1000 to $1 in Weeks President Bola Tinubu has declared that the naira is on course...

Naira strengthens against dollar: official and parallel market update, February 10, 2026

Business Damilola Bayonle -
Naira shows resilience as dollar exchange rate stabilises The Nigerian Naira continued its upward momentum on Tuesday, February 10, 2026,...

IMF forecasts Nigeria economic comeback as GDP set to hit $334bn by 2026

Business Damilola Bayonle -
IMF Projects Nigeria to Overtake Algeria as Africa’s Third-Largest Economy by 2026 Nigeria could reclaim a stronger position among Africa’s...

Naira strengthens: Parallel market rate falls to N1,490/$ as official rate hits N1,420

Business Damilola Bayonle -
Naira Strengthens in Parallel Market as Gap with Official Rate Narrows Nigeria’s foreign exchange market witnessed a modest but significant...

NESG naira projection gets a boost: N1,480/$ target with $52bn reserves

Business Damilola Bayonle -
Nigeria’s currency and macroeconomic outlook is expected to improve steadily in 2026 as the Nigerian Economic Summit Group (NESG)...

Dollar to Naira Exchange Rate Today: December 30, 2025 Updates on NFEM and Parallel Markets

Business Damilola Bayonle -
As financial markets wind down activities for the final trading week of the year, Nigeria’s currency market displayed a...

FX reserves and Naira depreciation: Nigeria’s dollar buffer stalls as currency slips

Business Damilola Bayonle -
Nigeria’s external reserves have recorded their first decline in more than two months, signalling a pause in the steady...

Senate confirms CBN exchange rate 2026, revises oil price

Business Damilola Bayonle -
The Nigerian Senate has officially approved the CBN exchange rate 2026 projection as part of the 2026–2028 Medium Term...

Pound and Euro to Naira exchange rate today: Shocking new figures shake Nigeria’s FX market

Business Damilola Bayonle -
Nigeria’s foreign exchange market opened the week with renewed volatility as both the British pound and the euro strengthened...

Naira slips to 1,456.72/$ as demand pressure widens trading band

Business Damilola Bayonle -
Naira slips to 1,456.72/$ amid persistent FX demand pressure Nigeria’s foreign exchange market witnessed another week of volatility as the...

Naira Performance Strengthens as CBN Policies Bolster FX Market Stability

Business Damilola Bayonle -
The naira performance across foreign exchange markets remained mixed over the past week, as the local currency gained strength...

Naira dips third consecutive day to N1,473.29/$ as market volatility persists

Business Damilola Bayonle -
The Nigerian naira extended its losing streak for the third consecutive day on Wednesday, closing at N1,473.29 per dollar...