Browsing Tag
Forex
23 posts
Naira Maintains Stability Against Dollar on August 13, 2026
The naira held steady on August 13, 2026, with the official rate at ₦1,367 per dollar and parallel market rates trading at a premium.
Nigerian Naira sustains downward trend against US Dollar on August 7, 2026
The Nigerian Naira recorded a third straight day of losses against the US dollar in the official market on August 7, 2026, while remaining stable in the parallel market.
Naira experiences slight drop against US dollar on August 5, 2026
The Nigerian naira faced a minor official devaluation on Wednesday, halting a two-day rally, while the parallel market saw a slight recovery.
CBN Reports Official and Parallel Market FX Gap Shrinks Below 2 Percent
The Central Bank of Nigeria reports that the margin between official and unofficial exchange rates has dropped to under 2 percent following ongoing financial reforms.
Nigeria reports 33% surge in net forex inflows for Q1 2026
Nigeria's net forex inflow reached $20.33 billion in Q1 2026, a 33.8 percent increase driven largely by autonomous sources, according to the Central Bank of Nigeria.
Wilfred Obasi Joins TenTrade as Regional Director to Drive African Expansion
TenTrade has appointed industry veteran Wilfred Obasi as its new Regional Director for Africa to oversee commercial growth and expand the broker's presence across the continent.
US Dollar to Nigerian Naira Exchange Update: July 30, 2026
On July 30, 2026, the US Dollar traded at approximately 1,358.63 Naira in the official market, while the parallel market rate settled near 1,400.00 Naira, reflecting ongoing stability in Nigeria's forex sector.
Nigerian Naira exchange rates against the US Dollar: July 29, 2026
The Nigerian Naira maintained steady trading levels against the US Dollar on July 29, 2026, supported by Central Bank of Nigeria liquidity initiatives.
Naira experiences decline against dollar in parallel and official markets
The Nigerian naira weakened to N1,407 per dollar in the parallel market and N1,364 in the official market, as trading volumes dropped significantly.
Naira Gains Value Against Dollar in Official and Parallel Markets on July 24, 2026
The Nigerian naira saw consistent growth against the US dollar on July 24, 2026, rising in both formal bank channels and the black market as national foreign reserves hit $52.02 billion.