The naira weakened in both parallel and official markets, trading at N1,410/$ and N1,391/$ respectively, amid ongoing depreciation pressures.
Pound Sterling remains steady against the Naira on March 23, 2026, with improved FX liquidity, lower inflation, and stable oil prices supporting the market.
Nigeria’s Naira remains stable against the dollar amid strong external reserves and rising oil prices, with parallel market rates around N1,410–N1,415.
The Naira opened the week slightly stronger against the dollar on March 9, 2026, trading around N1,391 in the official NFEM window. See full exchange rate...
Behind humour and casual jokes lies an unspoken understanding that many are living below their potential, not by choice, but by circumstance. Adjusting expectations does not...
Diaspora remittances are important for economic stability and social welfare across Africa and other developing regions. To impose a 5% tax would divert billions of dollars...
No less important is the war against corruption. Recovery will remain a mirage until recovered funds are recovered and guilty parties brought to court. Legal processes...
The EFCC’s obsession with arresting Nigerians for naira abuse is counterproductive. By discouraging the use of the naira and increasing dollar demand, the agency is inadvertently...
As Nigeria continues to navigate the complexities of the global economy, the FX Code will be a vital tool in shaping the country's economic future. With...
The recent news that the Naira has appreciated to N1,550 against the US Dollar in the parallel market is a breath of fresh air for many...