Naira Weakens Despite Reserves Hitting 17‑Year High
Nigeria’s foreign exchange market remained under pressure last week, with the naira depreciating in the official window even as the ...
Tag: currency depreciation
Naira Depreciates to N1,400/$ in Parallel Market Amid FX Demand
The Nigerian naira weakened to N1,400 per U.S. dollar in the parallel market, highlighting persistent pressure on the country's foreign ...
African Currencies Fall Sharply After Geopolitical Shock UNCTAD
African currencies suffered a markedly sharper decline than their emerging-market peers during a recent episode of global geopolitical stress, underscoring ...
Naira Weakens to N1,372/$ Ahead of MPC Rate Decision
The naira continued to trade under pressure in the official foreign exchange market, hovering around the ₦1,370 per US dollar ...
Dollar–Naira Exchange Rate Update for May 1, 2026
The Nigerian naira traded mixed against the US dollar on Friday, May 1, 2026, as a persistent gap between the ...
Naira Slumps to 17‑Day Low as FX Liquidity Dries Up
The naira weakened to a 17‑day low of N1,380.71 per dollar in the official foreign exchange market as liquidity slowed ...
Naira Slides to N1,388/$ as Reserves Decline Exposes External Sector Vulnerabilities
The naira came under renewed pressure on Monday, weakening sharply across foreign exchange markets as declining external reserves and rising ...
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