...Black market rate weakens to N1,425/$ Nigeria's currency, the naira, is coming under renewed pressure in the parallel foreign exchange (FX) market as seasonal demand for dollars for summer travel, overseas school fees and business trips gathers momentum, widening the gap with the official exchange rate. Data collate…

The Nigerian naira traded at approximately ₦1,373.99 per United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Thursday, July 9, 2026, according to the latest available market data. Data from the official foreign exchange market showed the naira continuing to trade within a relatively stable r…

…found to be in breach. The Bank remains committed to safeguarding the integrity of the Naira, ensuring confidence in all duly issued banknotes, and promoting smooth currency circulation across the country. Accordingly, members of the public are urged to accept and transact with all banknotes legally issued by the Centr…

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,400 per dollar in the parallel market from N1,405 per dollar on Tuesday. But the naira was stable at N1,379 per dollar in the Nigerian Foreign Exchange Market (NFEM), as data from the Central Bank of Nigeria (CBN) showed that the indicative exchange rate rema…

…of the fuel subsidy, the scrapping of the pegged exchange rates and floating of the naira, the introduction of the Nigerian Education Loan Fund (NELFUND), the push for local government financial autonomy, the tax reform and, latterly, the commencement of the legislative processes for the creation of state police. In tr…

The Naira on Wednesday further depreciated at the official market, trading at N1,379.06 per dollar. Data from the official website of the Central Bank of Nigeria (CBN) revealed that the Naira lost N3.32. This represented a 0.24 per cent loss compared with Tuesday, when the local currency traded at N1,375.74. The Naira,…

…entity found to be in breach."According to the CBN, maintaining public confidence in the naira remains one of its core responsibilities, noting that every banknote officially issued by the bank deserves equal recognition and acceptance. The bank reaffirmed its commitment to protecting the integrity of Nigeria's currenc…

…of Nigeria as our father, to come and explain to us why we are spending trillions of Naira doing coastal roads, yet Nigerians are dying'' he said While presenting the motion before the house, a heated exchange erupted with those against the motion asking Ikwechegh and others in support of his motion to sit down. The he…

…and as well, finance infrastructure, healthcare, and education, hundreds of billions of naira continue to leak into the informal economy. Every illicit bottle sold represents excise duties, customs revenue, and value-added tax that will never reach public coffers. However, the damage extends well beyond lost taxes and…

GistReel The Nigerian naira traded at ₦1,372.96 per United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, July 8, 2026, according to official market data. At the parallel market, commonly referred to as the black market, the dollar exchanged at approximately ₦1,400 per dollar for buying and…

…Wednesday, over separate money laundering charges bordering on hundreds of millions of naira and hundreds of thousands of dollars. Court documents show both matters are before Justice Inyang Ekwo of the Federal High Court, Abuja. Yisawu is facing eight charges, including alleged conversions of $789,950 and $122,600, wh…

…two million, three million and all that. Helloo, we are talking about three million naira. It is a huge money. A huge amount for that matter. I thought you people said you don’t want a woman to tie you down with pregnancy. You don’t want a woman to tie you down. This is me offering it to you. Just get the work done and…

…acquisition of a 753-unit housing estate in Abuja and the concealment of billions of naira in proxy accounts while serving as CBN governor. The anti-graft agency alleged that Emefiele and Ocheme, who is said to be at large, used proxy companies and accounts to acquire the estate and warehouse illicit funds. Emefiele ha…

…requirement has increased significantly since he moved in 2018. Additionally, the Naira has lost much of its value against the Euro, making the study route more expensive than when he left Nigeria. He noted that preparing "hard and long-term" is still a bet that’d pay off for anybody looking to settle in Germany. More…

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,400 per dollar in the parallel market from N1,395 per dollar last weekend. Likewise, the naira depreciated to N1,371 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate…

…bore you with names today, except the name of Ahmed Idris, who stole almost one trillion naira as the accountant general under former President Muhammadu Buhari (now late), and subsequently got rewarded with a traditional title in Katsina after arraignment and has been walking freely thereafter. And we want to encourag…

The Naira opened the trading week stronger on Monday, appreciating by N1.92 against the United States dollar at the official foreign exchange market. Data published on the Central Bank of Nigeria's official website showed the currency closed at N1,368.26 per dollar on Monday. The latest performance represented a 0.14 p…

…creation, fuels inflation, and worsens Nigeria's foreign-exchange imbalance, with the naira trading at historically low levels. He argued that given the claimed revenue surpluses, the Tinubu administration should not have needed to borrow within its first two years in office, let alone at the scale currently being witn…

…a joker. It means she makes like 84 thousands of profit every day... for a corn of 500 Naira, let assume u make profit of 200 Naira on every... it still doesn't add." Another X user, #Nigash_ dismissed the claim, saying, "2.5m na you still be like this. You, the interviewer and who ask you make you talk this lie dey cr…

…democratic history. It argued that public expenditure running into trillions of naira should not occur outside the statutory budget process without legislative oversight and public accountability. The organisation also described the response attributed to the Minister of Finance and Coordinating Minister of the Economy…

…housing scheme into which thousands of federal workers have invested billions of naira. The demolition order, reportedly issued by the Abuja Metropolitan Management Council (AMMC), an agency of the Federal Capital Territory Administration (FCTA), affects houses under construction at the Bamishi Cadastral District in Ku…

…destroying part of the facility as well as goods and property worth several millions of naira. Although no casualties were recorded, it was gathered that the fire, which occurred late on Saturday, originated from a faulty factory machine and spread before the arrival of firefighters from the Anambra State Fire Service.…

…"Exchange rate fluctuations also contribute because stockfish is imported. Whenever the naira weakens against the dollar, import costs rise, and the effect is reflected in market prices," he said. A stockfish retailer at Oyingbo Market, Mrs Ugochi Nwachukwu, said the high prices had reduced the purchasing power of trad…

…as spending outside the budget. "It is inaccurate to suggest that trillions of naira have been secretly spent outside legislative approval. Such allegations should have identified the specific projects purportedly executed without appropriation or legal authority and present credible evidence in support of the claim,"…

…states, residents have suffered heavy economic losses as property worth millions of naira was destroyed, commercial activities grounded and transportation severely disrupted. For many residents, the latest flooding has become an annual reminder of the consequences of poor urban planning, blocked drainage channels, indi…