The Nigerian naira recorded a 2.58 percent appreciation in the official foreign exchange market, according to Legit.ng, marking a gain for the currency in that window. However, the naira weakened in the parallel market during the same period, a divergence that analysts say underscores persistent demand pressures on the currency. The report also points to risks posed by falling oil prices, which remain a key factor influencing Nigeria's foreign exchange earnings and the naira's overall stability across different market segments.
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The Naira has depreciated to N1,385 per dollar in the parallel market, a decline from N1,380 per dollar the previous day, according to Vanguard.
Vanguard (NG)·June 25, 2026 at 4:02 AM
The Nigerian naira has depreciated by at least N9 against the United States dollar at the Central Bank of Nigeria's official foreign exchange window, according to Tribune Online.
Tribune Online (NG)·June 25, 2026 at 7:22 AM
The naira experienced its most significant daily decline since April, closing at N1,389 per dollar in the official foreign exchange market on June 24, 2026, according to Nairametrics.
Nairametrics·June 25, 2026 at 5:57 AM
The naira appreciated slightly against the US dollar at Nigeria's official foreign exchange market on Monday, September 7, 2026, according to Central Bank of Nigeria data. The currency strengthened to N1,320.56 per dollar from N1,321.22 recorded on the previous Friday, a gain of N0.66. The modest improvement meant the naira began the week on a positive note at the official market, as reported by the Daily Post.
Daily Post (NG)·September 7, 2026 at 8:56 PM
The naira has stabilised at N1,370.19 per USD, attributed to the Central Bank of Nigeria's (CBN) intervention which has reduced volatility in the currency market. This stability is further supported by rising global oil prices, which are seen as promising for Nigeria's economy.
Legit.ng·July 5, 2026 at 1:08 PM
On June 25, 2026, the naira exhibited relative stability against the United States dollar in both official and parallel foreign exchange markets. Market participants are closely observing liquidity conditions and the supply of foreign exchange, which may influence the exchange rate.
Vanguard (NG)·June 25, 2026 at 5:43 AM