The Naira today appreciated to N1,475 per dollar in the parallel market from N1,489 per dollar on Thursday.

In Nigeria’s informal or “black”/parallel market, the US dollar is being quoted at approximately ₦1,490 (sell) and ₦1,479 (buy) for ₦1 = US$1 as of Friday, October 31, 2025

•Inflation easing should be consolidated through decisive, well-targeted policy action —CPPE •At 18.02%, inflation rate is still far from the CBN long-run target of 9%—Prof. Uwaleke By Peter Egwuatu, Assistant Business Editor & Elizabeth Adegbesan   Nigeria’s inflation rate eased by 2.1 percentage point to 18.02 percent in September 2025 from 20.12 percent in August 2025. This is […]

The naira firmed modestly in the official Nigerian Foreign Exchange Market (NFEM) as dollar liquidity improved.

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By Elizabeth Adegbesan The Naira yesterday appreciated to N1,480 per dollar in the parallel market from N1,490 per dollar last weekend. Likewise, the Naira appreciated to N1,464 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to […]

Market participants said the official market’s firmness reflects improved FX liquidity and continued foreign-exchange inflows in recent weeks.

The USD Index slipped modestly, marking its fifth daily decline, as traders scaled back bets on the dollar amid rising political risk.

The official NFEM rate showed the naira trading around ₦1,483 to the dollar on Thursday.

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