…recorded on Monday.However, the naira remained unchanged in the parallel market, trading at N1,380/$1.FX turnover declines as naira strengthensData from the Central Bank of Nigeria (CBN) showed that interbank foreign exchange turnover fell by approximately 11.5% to $543.74 million from $614.245 million recorded in the…

…a gift card, you have two common ways to turn it into cash in Nigeria: use a gift card trading app or find a buyer on social media.PAY ATTENTION: Find it fast with our new search feature at Legit.ng! You can find vendors on WhatsApp, Instagram, Facebook, Telegram, and other platforms who buy gift cards from brands such…

…to a fresh peak of 253,990.06 points, driven largely by a 9.80% gain in Dangote CementTrading volume surged by 1,487.21% to 5.23 billion shares, with First HoldCo accounting for 4.87 billion shares tradedPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng…

…wider population. Chief Technology Officer of NATCOM Development and Investment Limited, trading as NTEL, Kingsley Uwazie, said Nigerians had a strong appetite for data consumption, but the cost of accessing 5G remained a significant barrier. “The 5G ecosystem is in its maturity phase. It has been proven that there is…

…entities, including the Kano State Government Power Intervention Fund, NNPC Trading Limited, Stallion Vision Ltd, the Lagos State Government Blue Line, the State Contributory Pension Account and Chukwuemeka Odumegwu Ojukwu University, with intent to defraud. During the trial, prosecuting counsel, Z.B. Atiku called thre…

…and ₦1,380 during Monday's session at the Nigerian Foreign Exchange Market (NFEM).The trading range marked an improvement from the previous week's intraday high of ₦1,395, although the naira remained under pressure.Market analysts linked the depreciation to increased demand for foreign currency to settle internatio…

…The retailer later faced further pressure from rising operating costs and difficult trading conditions. In June 2024, Nairametrics reported the closure of its outlet at Novare Wuse Central Mall in Abuja. In March 2026, Shoprite told Nairametrics that it was not leaving Nigeria but implementing a phased restructuring pr…

…exchange transactions also rose to 181 deals from 95 deals, indicating an increase in trading activity.Foreign exchange turnover rose by 148% to $316.545 million Photo: BloombergImagesOutlook for the nairaThe naira could face renewed pressure as importers seek foreign currency ahead of the holiday season, while investo…

…to connect Nigerians in the diaspora with local banking services, the system of forex trading, the unveiling of the Nigerian Payments System Vision 2028, and the implementation of the 75 per cent cash reserve ratio on non-treasury single account public sector deposits are intended to improve liquidity management and mi…

…Cussons Nigeria and Tantalizers led the gainers, while Thomas Wyatt Nigeria, Austin LazTrading volume rose by 1.87% to 360.75 million shares, valued at N20.32 billion across 31,401 dealsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Dave Ib…

…a condolence tribute on behalf of the people of Umeh, said, “The community would suspend trading, farming and all ceremonies from dawn to dusk in recognition of Uduaghan’s contributions to its development.” ‎ ‎He described the late former governor, who died on Monday at the age of 71, “as a patriot, distinguish…

…States dollar at the official foreign exchange market on Tuesday, October 20, 2026, as trading turnover increased.Data from the Nigerian Foreign Exchange Market (NFEM) showed that the local currency gained 11 kobo to close at N1,333.65/$1, compared with N1,333.76/$1 recorded at the previous session.Nigeria’s currency s…

…said the attacks had heightened fear among residents and disrupted farming, trading, transportation and other economic activities.He said the state government had allocated four security battalions to Bakura, Shinkafi, Kaura Namoda and Anka local government areas to improve security coverage.He added that the governmen…

…currency weakened against the pound sterling but appreciated against the euro during the trading sessionInterbank foreign exchange turnover fell by 77.7% to $36.24 million as net foreign reserves rose to $46 billionPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google fee…

…debts is raising hopes of more reliable electricity.The Nigerian Bulk Electricity Trading Plc (NBET) has begun settling ₦728.979 billion owed to power generation companies (GenCos) and their gas suppliers, following the issuance and signing of its Series 2 bonds.Nigerians to enjoy steadier power as NBET begins paying l…

…changes was the closure of Showmax at the end of April 2026, following accumulated trading losses exceeding R9 billion.The decision formed part of efforts to reduce costs and restore profitability as competition from international streaming platforms intensified. It also heightened concerns about future investment in A…

…on Instagram!It noted that the naira appreciated by about 4% in the first half of 2026, trading around N1,380/$ in the official foreign exchange market before strengthening to approximately N1,330/$ in August.The group expects the currency to average N1,385/$ for the full year, with quarterly projections pointing to fu…

…foreign exchange market on Thursday, October 8, 2026, despite a sharp increase in trading activity.Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the dollar traded at N1,332.10, compared with N1,331.77 recorded on Wednesday.Naira falls against the dollar as official FX turnover rises shar…

…EKSU, we are bringing all 650 lecturers to full digital teaching proficiency, and our Trading Room has grown into a Senate-approved diploma programme in financial markets," he said. He added that high-speed Starlink internet had also been installed at 12 locations across the campus.

…past $105 per barrel, driven by fresh fears over global oil supply disruptions.Brent was trading at $105.02 per barrel at 11:40 a.m. WAT on Thursday, October 8, a gain of 4.81% from the previous day's close. West Texas Intermediate (WTI) also rose sharply, climbing to $92.69 per barrel and gaining roughly 5%.Petrol pri…

GistReel The Nigerian naira is trading at ₦1,331.77 per US dollar at the official Nigerian Foreign Exchange Market (NFEM) rate, based on the latest completed trading session, while the dollar is quoted at ₦1,370 to buy and ₦1,375 to sell in the parallel market on Thursday, October 8, 2026. Official dollar to naira rate…

…on TuesdayNAFEM forex turnover surged from $72 million to over $313 million in a single trading sessionNigeria's gross external reserves climbed to nearly $55 billion, driven by stronger oil output and foreign investmentsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Goog…

The Nigerian naira opened the new trading week relatively stable against the United States dollar across both official and parallel foreign exchange markets on Monday, October 5, 2026. At the Nigerian Foreign Exchange Market (NFEM), the dollar was quoted at approximately ₦1,327.08, reflecting a steady baseline supporte…

…and surrounding communities, the damaged crossing has become an obstacle to farming, trading and other daily activities. A resident of Alapa community, Jamiu Oluwapelumi, said the prolonged disruption had affected farmers, traders and other residents who relied on the road for their daily activities. “The government ne…

…recorded a depreciation against the dollar at the official foreign exchange market as trading resumed after the Independence Day holiday. Central Bank of Nigeria data showed that the naira dropped to N1,330.10 against the dollar on Friday from N1,329.16 recorded on Wednesday, before the October 1 holiday in Nigeria. Th…