Nigeria's naira has maintained a relatively narrow trading range even as the value of dollar transactions in the country's foreign-exchange market has fallen by more than half in one week.
The warning was contained in the group’s first-half 2026 Economic Report, which identified tight external financing conditions as a major risk to the continent’s economic outlook despite continued resilience in economic activity.
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.
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.
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...
The commission issued the clarification on Saturday amid growing controversy surrounding the preliminary voters’ register ahead of the 2027 general elections and calls by some Nigerians for Amupitan to step down over alleged irregularities in the registration process.
