The naira gained ground against the pound, dollar and euro in the official FX market on Wednesday, September 2, 2026Bloomberg-cited analysts project the naira could achieve its strongest annual performance since 2018Nigeria's external reserves climbed to $53.9 billion, their highest level in 18 yearsPAY ATTENTION: Mark…

…also suggests that measures aimed at improving transparency and liquidity in the FX market may be helping to stabilise trading conditions.However, sustained appreciation will depend on whether the improvement in dollar supply can be maintained over the longer term.Foreign investors chase high naira yieldsAnother factor…

…sharply on Monday, underscoring increased liquidity and participation in the interbank FX market.The number of deals rose by 29.93 per cent to 178 from 137 recorded on Friday, while total turnover jumped 265.86 per cent to $437.53 million.Monday’s turnover was the highest recorded since July 22, when the market registe…

…Black market (Buying and selling rates): N1,410— N1,420 The Nigerian naira appreciated against the United States (US) dollar, trading at N1,349.5372 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Monday, August 17, 2026.Contents…Black market (Buying and selling rates): N1,410— N1,420 The…

The naira closed the week at N1,357.61 per dollar at the official FX market, gaining N8.08 week-on-weekNigeria's external reserves climbed to $52.25 billion, a 17-year high representing a 28.32% year-on-year riseThe CBN rolled out new financial market reforms, including expanded access to OMO securities for non-bank in…

…Black market (Buying and selling rates): N1,405— N1,415 The Nigerian naira appreciated against the United States (US) dollar, trading at N1,362.0866 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Friday, July 24, 2026. The data shared on the CBN’s official platform shows that the naira t…

…reserve level provides roughly 10 months of import cover, and that a more transparent FX market has helped lay the groundwork for increased investment and longer-term economic growth.The shift from a multi-rate exchange system to a more market-driven structure has been central to the CBN's reform agenda, with Tuesday's…

…FX BDC Purchase Tracker to monitor compliance and improve transparency in the retail FX marketFind it fast with our new search feature at Legit.ng! Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.…

…in the week under review, the Naira has lost N14.19 against the dollar at the official FX market. Dollar to Naira exchange rate today, June 18, 2026: Nigerian Naira records highest depreciation