…Market, NFEM . Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,369 per dollar from N1,376 per dollar on Tuesday, indicating N7 appreciation for the naira. Consequently, the margin between the parallel and official markets widened to N16 per dollar from N14…

…the price will soon begin to decline because there has been stability in the country's exchange rate. Despite the Middle East crisis, which is not yet fully resolved, there is hope that with the steady decline in crude oil prices in the international market, the price of petrol will gradually nosedive. "I am very optim…

…are sold through authorised resellers like iStore, and local prices depend on currency exchange rates, import duties, and reseller margins, in addition to Apple’s own pricing. This means prices in these markets could rise eventually, but the change will likely take time to show up, layered on top of the usual currency…

Dollar to Naira Exchange Rate Today, June 18, 2026: Nigerian Naira appreciates after four days of decline The Naira appreciated against the dollar at the official foreign exchange market on Monday to begin the week on a good note. The Central Bank of Nigeria’s data showed that the Naira strengthened on Monday to N1,369…

…you want to look at things from the removal of the subsidies, the unification of the exchange rates, the reform in the tax sector and a whole lot of great initiatives, Mr. President means well for this country and we are very proud of him. Now we're also having a look at the NELFUND policy, which is something that we'r…

Nigeria’s foreign exchange reforms have restored the effectiveness of monetary policy after years of distortions under a multiple exchange rate

…the changes are aimed at addressing rising administrative costs, inflation and shifts in exchange rates since the last review in 1978. Under the new structure, the cost of a single-entry visa will rise from ¥3,000 ($18.60) to ¥15,000 ($92.99), representing a 400 per cent increase. The fee for a multiple-entry visa will…

…visa fee was set in 1978, and we have recently revised it to reflect inflation and exchange rate fluctuations since then. "We made this decision after carefully considering various factors, and we do not anticipate that it will have an immediate impact on inbound tourism," he said. Motegi added that the government does…

…many businesses. Those who depend on imports are struggling with tight margins due to exchange rate challenges, while local businesses are also affected because customers' purchasing power has reduced. However, people are still spending, but their spending patterns have changed. Businesses that understand their custome…

…than many people assume when processing investment migration transactions, with exchange rate instability remaining the primary concern. According to her, most prospective applicants have already factored currency risks into their planning before embarking on the citizenship process. Beyond currency concerns, Oritsejaf…

…wages. When Nigeria's minimum wage was ₦30,000 in 2019, it was worth roughly $83 at the exchange rate of the time. Today, the minimum wage of ₦70,000 is worth approximately $51. The number has nominally more than doubled. However, purchasing power has nearly halved. For millions of Nigerian fathers, the maths has simpl…

…architects in Lagos earned between ?124,000 and ?208,000 ($299-$502 at the official exchange rate at the time) monthly, underscoring the modest pay many early-career professionals in Nigeria’s architecture industry received. But before this awakening, Asinobi had been quietly building other skills. She managed a blog,…

…currency rather than foreign exchange," he said "This would help reduce exposure to exchange rate pressures and lower long-term operating costs," he added. Beyond the financial argument, Adebayo framed local hosting as a matter of national data sovereignty, which he said requires countries to take full responsibility f…

Dollar to Naira exchange rate today, June 18, 2026: Nigerian Naira records highest depreciation The Naira recorded the highest depreciation against the dollar on Friday at the official foreign exchange market to end the week bearish. The Central Bank of Nigeria’s data showed that the Naira further declined on Friday to…

…buffer continues to reinforce investor confidence in the Nigerian economy and support exchange rate stability." Expert's view Analysts believe the higher reserve level could enhance the CBN's capacity to support exchange rate stability and meet external obligations. The Centre for the Promotion of Private Enterprise (C…

…consumers. He added that sustained moderation in crude oil prices, alongside stable exchange rates and refining costs, should support lower petrol prices. What you should know The global oil market recently reacted to developments involving the United States and Iran, with crude prices declining following expectations…