Browsing Tag
Central Bank of Nigeria
25 posts
Naira Maintains Stability at Official Exchange Market on July 20, 2026
The naira held steady at ₦1,379.64 per dollar in the official market on July 20, 2026, while parallel market rates remained higher due to sustained demand.
Nigerian Naira Declines Against Dollar Across Major Markets
The naira recorded a decline in both the parallel and official exchange markets on Friday, driven by supply shortages and increasing demand.
Nigeria’s external reserves reach $52 billion as net reserves surpass $40 billion
Central Bank Governor Olayemi Cardoso reports that Nigeria's external reserves have hit $52 billion, with net reserves exceeding $40 billion, driven by successful policy reforms.
Nigeria Currency Update: Naira and Dollar Exchange Rates for July 14, 2026
The Nigerian naira remained stable in official markets on July 14, 2026, while the parallel market continued to trade at a premium of approximately ₦30 per dollar.
Naira Value Fluctuates Across Official and Informal Exchange Markets
The Naira weakened in the parallel market but saw a slight increase in value within the official Nigerian Foreign Exchange Market as trading turnover declined.
Naira Exchange Rates: July 13, 2026 Update
On July 13, 2026, the naira traded at ₦1,382.33 in the official market while maintaining a higher rate in the parallel market due to persistent demand.
Naira Weakens Against Dollar on July 10, 2026
The Naira dipped slightly in the official market on Friday while remaining unchanged in the parallel sector, despite a recent increase in Nigeria's foreign reserves.
Nigerian Naira Faces Decline Across Currency Markets on July 3, 2026
The Nigerian Naira weakened in both official and black market trading on Friday, July 3, 2026, despite a rise in the nation's external reserves.
Nigerian Naira Declines Against Dollar in Both Official and Parallel Markets
The Naira weakened against the dollar in both official and parallel markets yesterday, leading to a wider gap between the two rates as trading volume fell.
Federal Government targets N5.8 trillion via Q3 2026 Treasury Bills
The Central Bank of Nigeria aims to raise N5.8 trillion in the third quarter of 2026 through Treasury Bills to support federal government borrowing needs.