Naira

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...

February 25, (THEWILL) — The Naira strengthened modestly in Nigeria’s parallel (black) foreign exchange market on Wednesday, following the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) from 27 percent to 26.5 percent. The...

February 02, (THEWILL) — The naira strengthened against the United States dollar at the parallel market on Tuesday, appreciating to N1,465/$ amid improved dollar supply and easing demand pressures. Market operators attributed the marginal gain to increased foreign currency...