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Currency
21 posts
Nigerian Naira exchange rate updates for August 11, 2026: Official market dip following previous gains
The Naira weakened in the official foreign exchange market on Tuesday, slipping to N1,364.89 per dollar despite a slight improvement in the black market and rising foreign reserves.
August 11, 2026: Official and Parallel Market Naira Exchange Rates
On August 11, 2026, the naira traded at ₦1,368 in the official market while the parallel market rate reached ₦1,405, reflecting a stable spread of roughly ₦37.
Naira Gains Value Against Dollar in Both Parallel and Official Markets
The naira strengthened in both the parallel and official exchange markets on Friday, as trading volume saw a significant spike.
Naira Exchange Rate Performance: August 7, 2026
The naira held steady against the dollar on August 7, 2026, with the official rate at ₦1,368.22 and the parallel rate at ₦1,405, showing narrowing disparities due to ongoing reforms.
Naira experiences decline against dollar in both official and parallel markets
The Naira weakened to N1,410 per dollar in the parallel market and reached N1,368.5 in the official market, widening the spread between the two rates.
US and Japan Join Forces to Stabilize Yen in Rare Intervention
Japan and the US have launched a rare joint intervention to bolster the yen, aiming to curb its decline and stabilize global market conditions.
Naira experiences mixed performance across official and parallel markets
The naira slipped to N1,415 per dollar in the parallel market while gaining ground in the official exchange sector.
Nigerian Naira Hits Weekly High Against US Dollar on July 22, 2026
The Nigerian naira strengthened significantly in both official and parallel markets on July 22, 2026, reaching its highest weekly gains as external reserves climbed to $52.03 billion.
Currency Exchange Update: Dollar to Naira Rates for July 22, 2026
On July 22, 2026, the naira traded at ₦1,381.68 per dollar in the official market, while the parallel market saw rates reaching ₦1,413 per dollar.
ECOWAS Confirms 2027 Launch Date for ECO Regional Currency
ECOWAS leaders have officially committed to launching the ECO single currency by 2027 to drive regional integration, while also setting a roadmap for counterterrorism and addressing regional food and security challenges.