Naira vs Dollar

June 14, (THEWILL) — The Nigerian naira has sustained its recovery following a steep decline in value as the foreign exchange reform initiated in 2023 reached its third anniversary on June 14, 2026.The Central Bank of Nigeria (CBN) announced...

June 11, (THEWILL) — The Nigerian naira traded with relative stability against the United States dollar on Thursday, June 11, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as improved liquidity conditions continued...

March 20, (THEWILL) — The Nigerian naira weakened at the official market as Nigeria’s external reserves slipped below the $50 billion threshold, raising concerns over the sustainability of recent foreign exchange stability despite rising global oil prices. Data from the...

February 15, (THEWILL) — Nigerians are witnessing a strong performance of the naira, 32 months after it was devalued on June 14, 2023, by the President Bola Tinubu administration. The devaluation, which resulted from the unification of the multiple...

July 20, (THEWILL) - The Central Bank of Nigeria (CBN) has commenced a regular sale of foreign exchange through Authorised Dealer Banks and licenced Bureaux De Change (BDCS), to improve supply in the foreign exchange market. This, it said, is...

February 03, (THEWILL) - The Federal Government, through the Central Bank of Nigeria (CBN), has further jerked up the exchange rate for cargo clearance to N1,413.62/$1. This is coming barely 24 hours after it increased the Customs exchange rate to...

January, 06, (THEWILL) - Foreign airlines operating in Nigeria have concluded arrangements to resort to ticket sales in dollar, thereby ending the roller-coaster experience of naira transactions. THEWILL authoritatively gathered that the airlines have vowed to resort to dollar...

November 08, (THEWILL) - The naira plunged deeper to N869.91 per dollar on the Nigerian Autonomous Foreign Exchange Market (NAFEM), formerly Investors’ and Exporters’ (I&E) window, on Tuesday as shown on the FMDQ website. This was the lowest depreciation in...

October 31 (THEWILL) - Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said that the government may crack down on illicit currency traders, commonly called back-market money dealers. He also gave the...

October 27, (THEWILL) - The Naira, on Friday, recorded major gains in the parallel market with the local currency recording a major rebound with dealers offering $1 to N1000 from Thursday’s N1300 - $1. Similarly, £1 was exchanged for N1250...