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#forex

Naira Holds at ₦1,421/$ Officially, ₦1,450 on Parallel Market as FX Pressures Persist

Nigeria’s Naira continues to trade under pressure, with official and parallel market rates showing wide gaps across major currencies. As of today, the Central Bank of Nigeria (CBN) rate for the U.S. dollar stands at ₦1,421.73, while black market traders sell at around ₦1,450. The disparity reflects ongoing foreign exchange shortages and rising demand for hard currency.

95News•11/3/2025

Article

CBN Injects $1.25 Billion Into Fuel Imports and Other Sectors

The Central Bank of Nigeria (CBN) has released approximately US$1.259 billion in foreign-exchange (FX) funding to oil-sector players during the first quarter of 2025, primarily to support fuel importation and other related transactions amid sustained global and local headwinds.

95News•10/27/2025

Article

Naira Gains as Nigeria Exits Financial Crime Watchlist

The removal of Nigeria from the FATF grey list is a clear signal to the world that Nigeria can meet and exceed global standards in financial integrity — Hafsat Abubakar Bakari, Director/CEO, Nigerian Financial Intelligence Unit (NFIU)

95News•10/25/2025

Article

Dollar-to-Naira rate: Official window holds steady, but parallel market remains weak

The naira has traded at around N1,460 per dollar at the official window and N1,470 on the parallel market, its strongest level this year,” said one forex dealer, noting that rising reserves and reduced speculation have helped so far.

95News•10/24/2025