Naira

The World Bank says the naira was among the more resilient African currencies during the second quarter of 2026, weathering a period of heightened exchange-rate pressure triggered by geopolitical tensions, higher energy prices and stronger demand for the US dollar.

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.

July 8 (THEWILL) — The Central Bank of Nigeria (CBN) has confirmed that the standard ₦100 banknote remains a valid legal tender in Nigeria. It cautioned individuals, businesses, financial institutions, and other economic agents against rejecting it for transactions, warning...

June 10 (THEWILL) — Improved foreign exchange liquidity helped keep the naira largely stable against the United States dollar on Wednesday, with the local currency trading at ₦1,360.55/$ in the Nigerian Foreign Exchange Market (NFEM), while the parallel market...

June 5 (THEWILL) — The naira strengthened further against the United States dollar on Thursday, closing below the ₦1,360/$ mark for the first time in four weeks amid rising external reserves and sustained foreign exchange reforms by the Central...

June 1 (THEWILL) — The naira recorded a slight depreciation against the U.S. dollar in May 2026, closing the month at ₦1,372/$ at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). The closing...

May 25 (THEWILL) — The Nigerian naira maintained relative stability against the United States dollar on Monday, May 25, 2026, trading within a narrow band across both the official and parallel foreign exchange markets amid sustained pressure on retail...

May 22, (THEWILL) — The Nigerian naira recorded fresh gains against the British pound sterling in the foreign exchange market, strengthening to ₦1,840/£1 amid rising political and economic uncertainty in the United Kingdom. Latest data from the Central Bank of...

May 15, (THEWILL) — The Nigerian naira strengthened against the British pound in the first half of May, trading around N1,853/£1 in the foreign exchange market, as political uncertainty in the United Kingdom continued to pressure the pound sterling. Data...

May 06, (THEWILL) — Nigeria’s currency, the naira, strengthened to ₦1,362 per dollar on Tuesday, extending its recent appreciation against the United States dollar and signaling improved stability in the foreign exchange market. Figures released by the Central Bank of...