Naira exchange rate today
Naira opens week weaker, dips to N1,533 per US dollar
The naira opened the new trading week on a weaker note, exchanging at N1,533.67 per US dollar at the official Nigerian Foreign Exchange Market, as recorded on the Central Bank of Nigeria (CBN) website. This represents a slight depreciation of 0.08 per cent from Friday’s close of N1,532.51/$, reflecting persistent external pressures and domestic market […]
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FX Market Update: Naira Gains to N1,560/$ on Parallel Market
The Nigerian naira continued its steady recovery on Tuesday, appreciating to ₦1,560 per US dollar in the parallel (black) market, up from ₦1,565/$ recorded the previous day. The modest gain highlights ongoing efforts by the Central Bank of Nigeria (CBN) to stabilise the foreign exchange (forex) market amid economic reforms and tightening of currency flows. […]