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Nigerian Naira continues to exhibit stable movements across both the official and parallel foreign exchange markets as trading gets underway on Tuesday, October 13, 2026. At the official Nigerian Foreign Exchange Market (NFEM), the Naira maintains a steady position, trading at approximately 1,332.49 to the US dollar. Market data and tracker insights from the Central […]
Continue ReadingNigerian naira has surged to one of its strongest levels in nearly two years, closing at 1,347.78 per $1 in the official market on Monday, according to a macroeconomic update by CardinalStone. The currency has appreciated by 6.9 per cent year-to-date in the official window, reflecting improved liquidity conditions in the foreign exchange market. But, […]
Continue ReadingNigerian Naira rebounded against the United States Dollar on Wednesday both at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria (CBN) announced the final settlements of all valid foreign exchange backlogs, fulfilling a key pledge […]
Continue ReadingNigerian Naira further depreciated against the US dollar on Monday September 13, closing at N550 to $1 compared to N545 to $1 recorded in the previous trading session in parallel markets. From the data recorded on the FMDQ securities exchange window where forex is officially traded, naira closed at N412.75 per $1 at the official […]
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