…the naira ended last week on a negative note, falling against the dollar.Dollar-to-Naira exchange rate today, October 19, 2026: Naira continues depreciation against USD

…against the dollar at the official foreign exchange market on Monday. Dollar to Naira Exchange Rate Today, October 13, 2026: Naira records second day of depreciation against USD

…Autonomous Foreign Exchange Market (NAFEM) on Monday, October 12, as the official exchange rate moved to N1,332.09/$1 from N1,331.19/$1 recorded on Friday.Data showed that the local currency lost 90 kobo, representing a 0.07% depreciation against the dollar during the trading session.The naira weakened against the doll…

…reforms implemented under President Bola Tinubu, including fuel subsidy removal, exchange rate unification and tax reforms. He said that its medium-term ambition was to place the country firmly on the path to investment-grade status. It added that the reforms were intended to reduce borrowing costs, attract private inv…

…Nairametrics.Dangote Group Predicts Naira’s Next Move Against Dollar, Forecast Q4 2026 Exchange RateGroup projects stronger nairaAccording to the report, the outlook reflects improvements in Nigeria’s external position, attractive real interest rates that have drawn foreign portfolio investors and a lower fuel import b…

…sharp increase in FX turnover as naira weakens against the dollar. Photo: CBNImagesCBN exchange rates for major currenciesThe following were the selling rates for selected currencies on Thursday, October 8, 2026:CFA: N2.27Yuan/Renminbi: N198.75Danish krona: N199.36Euro: N1,490.22Yen: N8.42Riyal: N354.80South African ra…

…prices have discouraged farming. He said, “Most of these inputs are imported, so the exchange rate situation has seriously affected the cost of inputs, and the prices of produce have gone down.” He urged the Federal Government to cut the cost of fertiliser, agrochemicals, machinery and improved seedlings. He also calle…

…economic instability, driving petrol prices above ₦2,000 per litre and pushing the exchange rate toward ₦3,000 per US dollar. Speaking at a press briefing in Abuja on Thursday, October 8, addressing fuel pricing and growing public calls for subsidy reinstatement, the Minister of Finance and Coordinating Minister of the…

…published."Pump prices should not have to follow every swing in global crude or the exchange rate. The government is negotiating a ceiling of ₦1,350 a litre on the ex-gantry or landing cost of petrol to keep pump prices stable," Oyedele said. He said refiners and importers would initially absorb costs above the ceilin…

…when costs rise above the ceiling and recover the difference when crude prices or the exchange rate become more favourable. Oyedele said, “The government is negotiating a ceiling of 1,350 naira a litre on the ex-gantry or landing cost of petrol, to keep pump prices stable. Where costs rise above the ceiling, refiners a…

…is derived using the volume-weighted average of transactions and serves as the official exchange rate for the day. The naira’s closing rate was ₦1,332.75/$ on October 7, compared with ₦1,331.50/$ at the previous close. Therefore, the ₦1,331.77 figure should be described as the latest official NFEM reference rate, rathe…

…day before.In the parallel market, the naira held steady against the dollar, with the exchange rate remaining flat at N1,370 per dollar.Forex turnover rises sharplyTrading volumes in the official market surged during the session.NAFEM interbank forex turnover jumped 334.8% to $313.545 million, up from $72.119 million i…

…in 2026, easing further to 12.2 percent by 2028 as the effects of monetary tightening, exchange rate stabilization, and improving supply conditions continue to feed through the economy. “Lower inflation is expected to support household purchasing power and contribute to a gradual reduction in poverty. However, the pace…

…businesses are better positioned to plan, invest and expand when inflation moderates, exchange rates are relatively stable and the financial system remains sound.See more Punch stories on Google.Add Punch on Google She said, “Resilient trade thrives in an environment of macroeconomic stability. Businesses plan and inve…

…constraints by allowing market forces a greater role in determining fuel prices, foreign exchange rates and electricity tariffs. The foreign exchange reforms, in particular, were designed to reduce multiple exchange rates and improve transparency in the currency market, while the removal of the petrol subsidy was inten…

…Abdullahi, the reforms have significantly narrowed the gap between official and parallel exchange rates.He said the average gap fell from 68.2% between January and May 2023 to less than 2%, giving businesses a more reliable basis for pricing and planning.Diaspora funds strengthen dollar supplyThe CBN’s remittance drive…

…policy measures by the Central Bank of Nigeria (CBN), which have helped curb sharp exchange rate fluctuations. The contained premium in the parallel market ranging roughly between ₦43 and ₦63 above the official rate indicates that increased transparency and liquidity in formal channels are continuing to draw routine tr…

…by collapsing oil prices, drove inflation to 18.75 per cent, pushed the parallel exchange rate to N500 per dollar, and triggered yet another capital market crisis. Investor confidence has never fully recovered. A market that swung from euphoria to a 61 per cent collapse within twelve months, and then repeated the patte…

…could expose countries to additional financial risks if underlying assets lose value or exchange rates move adversely. “They also carry risk, as we flag in the report, the margin calls in the case that the value of the asset drops or the currency depreciates,” he said. According to him, Nigeria currently has alternativ…

…on the verge of collapse” before the withdrawal of fuel subsidy and unification of exchange rates. The Vice President urged Nigerians to be “generous” to a leader he credits with saving the economy. Speaking after a meeting with Tinubu at the President’s Lagos residence, Shettima said the administration had been in “re…

…From breaking news to viral moments. Follow Legit.ng on Instagram!At an indicative exchange rate of approximately ₦1,762 to the pound, the British price translates to about ₦3,524 per litre. This is a currency conversion, rather than a Nigerian selling price. British motorists face record costsThe increase followed Mon…

…results, with increased dollar inflows into the country and relative stability in the exchange rate. He spoke after visiting President Tinubu in Lagos, saying he went to welcome the President back from a “well-deserved vacation” and to wish him a happy Independence Day. “Nigeria is 66, you know, yesterday. And this is…

…the dollar at the official foreign exchange market before the holiday. Dollar to Naira exchange rate today, October 2, 2026: Naira depreciates against USD after Independence Day

…fund in naira, and by what methods (bank transfer, card, local payment partners)? What exchange rate is used when naira is converted to dollars? How long do withdrawals take, and are there fees? Are there limits on how much you can withdraw at once? The exchange rate question matters a lot. A platform with low trading…

…many of their major expenses are either dollar-denominated or influenced by foreign exchange rates.Rising fuel and other operating costs have reportedly made it increasingly difficult for some local airlines to remain financially stable.N2,230/litre: Nigerian Airlines Under Pressure as Fuel Debts Trigger Delays, Flight…