Dollar

Business

Private Dollar Inflows Strengthen Nigeria’s FX Position as Portfolio Funds Hit $6.3bn

Ogochukwu Onwaeze, THEWILL -
Nigeria’s foreign exchange position has strengthened as foreign portfolio investments, private-sector dollar inflows and diaspora remittances provide a larger share of liquidity in the market.
Business

Dollar Near Two-Month High as Oil, Borrowing Costs Rise

Joy Onuorah, THEWILL -
The US dollar traded near a two-month high on Tuesday, September 29, as rising oil prices and American bond yields supported the currency, adding uncertainty for Nigerian businesses budgeting for imports and foreign-currency payments.
Business

Cautious Fed Outlook Drags Dollar Lower As Naira Volatility Persists

THEWILL -
January 23, (THEWILL) — The United States dollar softened against major global currencies on Monday as investors adopted a cautious stance ahead of the U.S. Federal Reserve’s next policy meeting, while Nigeria’s naira continued to experience volatility across currency...
Business

Naira Records First Annual Gain In 13 Years, Closes 2025 At ₦1,429/$1

THEWILL. -
January 01, (THEWILL) — The naira ended 2025 at ₦1,429 to the United States dollar, marking its first full-year appreciation in 13 years and signalling a notable shift in Nigeria’s foreign exchange market. Data from the official market show that...
Business

Naira Seen Poised for N1,445/$ as Expected Fed Rate Cuts Strengthen Emerging-Market Currencies

THEWILL. -
December 08, (THEWILL) — Nigeria’s Naira is tipped for a potential break toward N1,445 per dollar in the coming days as global markets position for an expected round of interest-rate cuts by the U.S. Federal Reserve a move...
Business

Naira Sustains Incredible Run, Strengthens To N1,155/$1 In Parallel Market

THEWILL. -
April 8, (THEWILL) - The naira, on Monday, continued its impressive comeback against the United States dollar and other major currencies, with dealers exchanging the Nigerian currency at N1,155 buy rate and N1,185 selling rate to $1, respectively,...
Business

BDCs Get Dollars As CBN Warns Against Selling Above N1,269/$

Felix Ifijeh, THEWILL -
March 25, (THEWILL) - The Central Bank of Nigeria (CBN) has sold $10,000 to each Bureau De Change (BDC) operator at the rate of N1,251/$1. The apex bank, in a statement issued by its Director, Trade and Exchange Department,...
Business

BREAKING: Naira Strenghtens To N1,380/$ After CBN Orders Banks To Reduce FX Exposures

Felix Ifijeh, THEWILL -
February 01, (THEWILL) - The Naira appreciated on Thursday morning, exchanging for N1,380 to $1 on the parallel market after it fell to over N1,500 on Tuesday and Wednesday. ThIs is coming amid fresh moves by the Central Bank...
Business

Dollar Scarcity: Abuja BDC Operators Shut Down Business

Felix Ifijeh, THEWILL -
February 01, (THEWILL) - Bureau De Change (BDC) operators in Abuja have announced an indefinite shutdown of business over scarcity of US dollars. Abdulahi Dauran, Chairman of the Abuja chapter of the Association of BDC, said online banking transactions...
Business

Naira Maintains Sliding Trend, Drops to N1,365/$ at Parallel Market

Sam Diala, THEWILL -
January 24, (THEWILL) - In a scenario that suggests stiff resistance against the measures aimed at halting the steep depreciation of the naira, the local currency maintained its free fall at the parallel market on Tuesday, January 23,...
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Latest News

SportsOlumide Atiba, THEWILL -

Mended Fences: 1,000 Goals In Sight As Ronaldo and Portugal Reconciliation Takes Shape

Cristiano Ronaldo’s turbulent relationship with the Portugal national team could be heading towards an unexpected reconciliation, with reports suggesting the veteran forward may return for one final international chapter as he closes in on the historic 1,000-goal milestone.
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