…prices and cost of living, arguing that several other factors, including insecurity, exchange rates, logistics, storage, flooding and agricultural input costs influenced food inflation. He further questioned the ADC candidate’s proposal to link subsidy to the price of crude oil, noting that refining crude produces seve…

…the administration of President Bola Tinubu has made progress in stabilising the foreign exchange rate by adhering to market principles. Speaking in an interview on News Central Television, Ezekwesili, however, stated that the improvement has not yet translated into better living conditions for average Nigerians. She n…

…in 2024. He said NNPC attributed part of the expenses to the difference between the exchange rate used to determine regulated PMS prices and the rate applicable when import obligations were settled. “So, where exactly did the subsidy go? If Nigerians were paying market prices because ‘subsidy is gone’, why was the Fede…

…highlighting the sharp expansion in revenues following the removal of petrol subsidy, exchange rate reforms and increased revenue mobilisation. But policy analysts, civil society groups and other critics say the increase in revenue has not translated into a corresponding improvement in the living conditions of Nigerian…

…manufacturing is used to attend to regulatory agencies,” he said. Osidipe also cited the exchange rate, manufacturers’ dependence on imported machinery, spare parts and strategic raw materials, as well as weak coordination between monetary and fiscal policies as major constraints. “The fourth one is the weak handshake…

…an appreciation of the naira at the Nigerian Foreign Exchange Market (NFEM).The average exchange rate strengthened by 1.38 per cent to N1,361.22 per dollar in April, compared with N1,379.98 in March.At the end of April, the NFEM rate stood at N1,374.94 per dollar, improving from N1,386.72 recorded at the end of March.H…

…had declined against the dollar at the official foreign exchange market. Dollar to Naira exchange rate today, August 20, 2026: Nigerian naira returns to appreciation against US currency

…pressures during H2-2026. “Howevaer, these pressures could be partly offset by continued exchange rate stability, the lagged effects of tight monetary policy, and favourable base effects” it noted. While reviewing the Nigeria’s economy in the first half 2026, H1’26, the NESG in its report titled “ Turning Potential int…

…manifested instead through increased revenue collections arising from changes in the exchange rate and the removal of subsidy-related distortions. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this at a media conference on Nigeria’s reform scorecard, titled, “The Benefits, C…

…Light crude traded at an average of $93.86 per barrel over the same period. The naira exchange rate used in the assessment stood at N1,362.53 per dollar, adding further pressure to the cost of sourcing foreign-refined products.Petroluemprice.ng reports that these combined factors continue to push up what importers and…

…the naira to a new height amid the dollar crash. Alliance/ContributorImagesThe latest exchange rate marks the strongest level recorded by the naira since April 22, 2026, when the dollar traded at N1,348.45 in the official market.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!The CBN re…

…trading rate on Friday, August 14, 2026. According to Aboki FX, the Naira-to-dollar exchange rate at the black market on Monday, August 17, 2026, was N1,405 and N1,413 per dollar for buying and selling rates, respectively.

…to sustained macroeconomic stability, particularly the relative stability of the exchange rate. “Well, the marginal drop in the inflation rate is perhaps a reflection of the sustained macroeconomic stability, particularly around the exchange rate, because imported inflation is a critical component of inflation due to t…

…perhaps a reflection of the sustained macroeconomic stability, particularly around the exchange rate. “And the fact that the exchange rate has remained stable and, in a few instances, even slightly appreciated, I think has impacted positively on investment. It has also impacted positively on investors’ confidence. “And…

…Despite the notable rally in forward contracts as institutions sought to lock in future exchange rates, it was insufficient to offset the heavy drop in spot trading, leading to a net decline in overall financial market activity.

…reserves surge to $52.25 billion. Photo: BloombergImagesHere are other currencies' exchange ratesThe CBN also provided the updated currency exchange rates below:CFA: N2.39Yuan/Renminbi: N201.37Danish Krona: N210.21Euro: N1,571.70Yen: N8.54Riyal: N361.59South African Rand: N83.85Swiss Franc: N1,673.58Pounds Sterling: N1…

…Nigeria’s productivity.” Against the backdrop of elevated borrowing costs, unstable exchange rates, rising energy expenses and weak infrastructure, the BOI said its interventions in 2026 would focus on sectors that directly influence inflation, economic growth and job creation. According to the report, the bank has ide…

…crude must be available and commercially viable - Dangote Refinery Dollar to Naira exchange rate today, August 11, 2026: Nigerian Naira depreciates, reverses gain Gas flaring: CSOs raise concern over poor enforcement of Methane emission laws in Nigeria Heirs Life Assurance appoints Pastor Jerry Eze as Non-Executive Dir…

…comparison for Nigerian consumers considering streaming alternatives.Using an indicative exchange rate of R1 = approximately ₦90, the combined monthly cost of five services is roughly ₦37,260, compared with about ₦35,910 for DStv Compact at R399.Disney+ Basic, which is scheduled to cost R49 from September 2026, transla…

…unification of the foreign exchange market. “By establishing a single, market-determined exchange rate, the reform improved price discovery and enabled companies with substantial foreign currency exposure to more accurately reflect the value of their dollar-denominated revenues in their financial statements. “This has…

…pump prices are shaped by a combination of international crude costs, the naira-dollar exchange rate, freight charges, and domestic distribution costsA sustained drop in global crude prices generally reduces what importers and marketers pay for refined petroleum products, which can eventually filter through to consumer…

…also moderated during the period, supported by disciplined monetary tightening, exchange rate unification and improved market transparency. She further stated that the Naira has continued to strengthen, with the gap between the official exchange rate and Bureau de Change rates narrowing to below two per cent, describin…

…the dollar gain or loss. Convert the dollar gain into naira using the CBN/NAFEM exchange rate on the disposal date. Compute the tax due on that naira gain. Any withholding tax already deducted by a VASP can be claimed as a tax credit. Where tokens are not directly priced in US dollars, taxpayers must derive their value…

…were we buying fuel for before? How much is it now? They said they have stabilised the exchange rate… from how much to how much? And it will go up to N1,500, coming back to N1,300, and they will be clapping and praising themselves. Who does that?” he asked. Comparing the current security situation with previous years,…

…the black market, the naira remained unchanged at N1,425 per dollar on Monday, the same exchange rate recorded on Friday. The development comes as the country’s foreign reserves stood at $51.92 billion, according to data from the apex bank. Recall that the naira recorded a week-long depreciation to end last week. Dolla…