Dollar

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...

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...

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...

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,...

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,...

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...

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...

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,...

November 10, (THEWILL) - The Naira traded N996.95 per dollar on the Nigerian Alternative Foreign Exchange Market (NAFEM) on Thursday, November 9, pushing closer to the parallel market rate of N1,175/$ on the same day. The massive slump of...

October 25, (THEWILL) - The naira on Tuesday plunged to a record low of N1,310 per dollar on the parallel market, thereby activating life-threatening concerns over prevailing economic hardship that has made life unbearable for the citizens. Spiraling...