In early June 2025, the cedi, Ghana’s currency, was recognized as Africa’s best-performing currency. However, its reign was ...

584.49 traded on Wednesday. This means that the Naira dropped by N0.46 against the dollar on a day-to-day basis. However, at the black market, the sell rate of Naira to dollar remained flat at N1 ...

The naira on Wednesday appreciated against the dollar across official and parallel ... the naira recorded depreciation at the black market. The governor of the Central Bank of Nigeria, Olayemi ...

The Nigerian currency, the naira ... Market. At the close of trading on Thursday, May 22, 2025, the naira slightly lost 46 kobo as the currency dealers quoted the dollar at N1,582.95, from N1,582. ...

The Naira depreciated on Friday at the official market, trading at N1,602.18 to the dollar.Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49. This represents a 0 ...

In the black market, the naira also weakened—trading at N1,565 per dollar compared to N1,555 the day before. As a result, the gap between the official and parallel market rates widened to N35 ...

Currency dealers quoted the dollar at a high of 1,552 to a dollar and a low of N1,512. However, the naira reversed its losses in the parallel market ... this year from N40.49 billion in December ...

The recent trends highlight ongoing volatility in the foreign exchange market, raising concerns over the sustainability of the Naira’s stability. The Nigerian Naira has become the worst currency ...

The naira traded at around N1660/$ in the black (unofficial ... overnight trading due to a market holiday in the world’s largest economy. However, after the Federal Reserve issued hawkish signals ...

The naira depreciated to N1675.49 and N1750 against the dollar ... Meanwhile, at the black market, it remained flat at N1750 per dollar on Thursday, the same exchange rate traded on Wednesday.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market ... Naira traded between ₦1,677 and ₦1,610 against the ...

Currency dealers displaying the US dollar and the naira Credit: PIUS UTOMI EKPEI / Contributor On Thursday, October 17, 2024, the local currency sank further in the official window to trade at ...