Browsing Tag
Forex
20 posts
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.
Naira Performance Against the US Dollar: July 24, 2026
On July 24, 2026, the Nigerian naira showed stability, trading at ₦1,369.92 in the official market and approximately ₦1,420 in the parallel market.
Nigerian Naira Strengthens Against Dollar Following CBN Rate Decision on July 21, 2026
The Naira gained value in the official market on July 21, 2026, while the CBN opted to keep the interest rate unchanged at 26.50 percent.
Naira Exchange Rates Against the Dollar for July 21, 2026
The Nigerian naira held steady against the US dollar on July 21, 2026, as the market awaited updates from the Central Bank of Nigeria regarding monetary policy and liquidity.