Dollar

The naira traded modestly weaker on Tuesday, November 11, 2025, as Nigeria’s official Daily Foreign Exchange Market (NFEM) — the volume-weighted average used as the day’s benchmark — closed around ₦1,436.58 to the US dollar, according to…
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The Naira on Friday extended its gain, closing the trading week stronger at N1,421.73 to the dollar at the official foreign exchange market. Data from the Central Bank of Nigeria (CBN) showed that the local currency appreciated by N15.23…
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By Prince Daniel Dear Mr President, I Respectfully Differ on Where You Met The Dollar I am not an economist, but as a petty trader I am certainly a lover of figures. Numbers tell stories, they provide context, and they guide decisions.…
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The Naira on Wednesday gained N3.42 against the dollar, trading N1526.15 at the official market amid commendation by the International Monetary Fund (IMF). Data obtained from the website of the Central Bank of Nigeria (CBN) showed that…
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The Naira strengthened on Friday, closing the week at N1,600.78 to the dollar in the official market. Data from the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira appreciated…
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The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market…
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The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau de Change (BDC) operators at 1,450 naira to a dollar. The apex bank said the sum of $20,000 is to be sold to each BDC at the rate of…
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The Naira weakened against the dollar at the official foreign exchange market on Monday. According to Financial Market Infrastructure Group (FMDQ) data, the Naira closed at N1508.99 against the dollar from N1505.30 recorded last Friday.…
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The Nigerian naira depreciated further against the dollar as the foreign exchange market resumed trading. At the parallel market, the naira weakened to around N1505 against the dollar on Monday from 1490 last Friday. READ ALSO:…
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The naira further appreciated to N1,490 at the parallel section of the foreign exchange (FX) market on Friday. The current FX rate represents a 0.7 percent or N10 increase from the N1,500/$ traded on June 5. Bureaux de change (BDC)…
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