Naira

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...

January 29, (THEWILL) — The naira continued its recovery at the official foreign exchange market, rising to a 22-month high of N1,394 per dollar, reflecting improved dollar liquidity and growing investor confidence in Nigeria’s monetary reforms. Market data showed...

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 23, (THEWILL) — The Nigerian naira opened the new trading week on a positive note, strengthening against the United States dollar to trade below the ₦1,460/$1 level, as sentiment in the foreign exchange market continued to improve. Market...

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...

December 02, (THEWILL) — The naira weakened to N1,446 per US dollar at the official market in November, closing the month lower despite the Central Bank of Nigeria’s (CBN) continued monetary tightening aimed at stabilising the foreign-exchange market. The latest...

November 25, (THEWILL) — The naira strengthened further on Monday, appreciating to ₦1,452 per dollar at the official foreign exchange market as investors, analysts, and market operators turned their attention to the 303rd Monetary Policy Committee (MPC) meeting. The...

October 22, (THEWILL) — The Nigerian naira climbed modestly this week, signalling a sign of market resilience even as foreign-exchange (FX) inflows collapsed by 32.9% year-on-week, a stark reminder of the dual pressures the currency now faces. Data from the...

October 02, (THEWILL) —The naira, on Thursday, October 2, 2025, recorded an improvement against the United States dollar in the parallel market, with traders quoting a buying rate of N1,435 and a selling rate of N1,453 as of 3:35...

June 22, (THEWILL) – Nigeria’s much-publicised shift away from refined petroleum imports in 2023, following the commissioning of the Dangote Refinery, has not led to an anticipated rebound in the naira’s value. The mega refinery, which began operations in...