Browsing Tag
Naira
62 posts
August 6, 2026: Naira Exchange Rates Against the US Dollar
The naira held steady at ₦1,362.55 in the official market on August 6, 2026, while the gap with the parallel market rate widened to ₦62.
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.
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.
Nigerian Naira Exchange Update for August 5, 2026
The Nigerian naira holds steady at ₦1,362.55 in the official market while maintaining a price of ₦1,415 in the parallel market this August 5, 2026.
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.
Naira Value Fluctuates Across Official and Informal Markets
The naira saw mixed results on Tuesday, dropping in the parallel market while gaining value in the official Nigerian Foreign Exchange Market.
Nigerian Naira Exchange Rates: August 4, 2026
The naira traded near ₦1,368 at the official exchange on August 4, 2026, while parallel market rates climbed above ₦1,400.
Naira Maintains Stability Against Dollar on August 3, 2026
The Nigerian naira remained stable against the dollar on August 3, 2026, with the official rate at ₦1,368 and the parallel market selling rate at ₦1,425.
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.
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.