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 ...
Tag: Forex Market
Banks Face N100 Million Penalty as Nigeria Tightens Forex Compliance Rules
Nigerian banks could face penalties of up to N100 million for breaches of foreign exchange (forex) regulations as authorities move ...
British Pound Sterling Rebounds as Naira Holds Steady at N1,856/£
The British pound sterling staged a modest recovery against major global currencies on Wednesday, while the Nigerian naira maintained relative ...
CBN Unveils New Forex Manual to Improve Transparency and Boost Investor Confidence
The Central Bank of Nigeria has introduced a new Foreign Exchange Manual aimed at improving transparency, accountability, and confidence in ...
Foreign Exchange Inflows into Nigeria Drop Sharply Amid Global Tensions
Nigeria’s foreign exchange market experienced a major slowdown in April 2026 as total inflows into the Nigerian Foreign Exchange Market ...
Naira Shows Signs of Recovery as It Gains Strength in April 2026
The Nigerian naira recorded a modest but important gain against the United States dollar in April 2026, signaling a period ...
Naira Weakens to N1,389/$ as External Reserves Drop by $850m
Nigeria’s currency came under renewed pressure as the naira weakened to N1,389 per dollar, following a sharp decline in the ...
Naira Gains N8 Against Dollar on Monday
The Nigerian Naira continued its upward trajectory on Monday, March 16, 2026, gaining further ground at the official market to ...
Popular News
-
United Nigeria Airlines Calls for Support as Costs Squeeze Carriers
-
Otedola Raises First HoldCo Stake to 20.4% Through N29.6bn Share Acquisition
-
Govt Targets N200bn Capital Base for New Cooperative Bank Launch
-
TotalEnergies, NNPC Renew AUSEA Partnership to Cut Methane Emissions
-
Truckers Launch New Database Group to Strengthen Nigeria’s Logistics Sector
