The naira opened the week with a relatively stable performance against the United States dollar at both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market today, Monday, August 3, 2026. Data published by the Central Bank of Nigeria showed that the official NFEM rate was trading around ₦1,368 per dollar, with the [&hel...
Gift cards issued for closed platforms such as Apple’s App Store and iTunes have, over the past several years, taken on a second life in Nigeria that has little to do with buying apps or music. For a growing number of Nigerians locked out of easy access to foreign currency, these cards have become an […]
•Dollar and Naira notes The Nigerian Naira traded within a relatively stable range against the United States Dollar today, Friday, July 17, 2026, as the official Nigerian Foreign Exchange Market (NFEM) continued to reflect modest day-to-day movements, while the parallel market maintained a premium over the official window. According to the lat...
•Tinubu and IMF logo The International Monetary Fund (IMF) says the Naira is still undervalued by 25.6 percent despite the ongoing reforms in the Nigeria’s foreign exchange (FX) reforms. In its latest Article IV consultation report on Nigeria, the Washington-based institution said its Real Effective Exchange Rate (REER) model showed the local ...
•Naira and Dollar notes Data from the Central Bank of Nigeria’s exchange rate portal, Nigerian Foreign Exchange Market (NFEM), showed that the naira rate remained around the ₦1,360 per dollar mark in recent trading sessions. The NFEM rate remains the country’s official benchmark exchange rate and is derived from volume-weighted transactions in...
•Dollar and Naira notes Latest available official data from the Central Bank of Nigeria (CBN) showed that the naira traded approximately ₦1,373.25 per dollar at the Nigerian Foreign Exchange Market (NFEM) today, maintaining the level recorded at the close of the previous trading sessions. The rate reflects the volume-weighted average exchange ...
•Dollar and Naira notes The most recent rate of the naira stood at ₦1,373.25 per dollar in the official Nigerian Foreign Exchange Market (NFEM) today, according to data published by the Central Bank of Nigeria (CBN). Market data trackers also showed the naira trading around the ₦1,370–₦1,372 range against the dollar in official market transact...
•Naira and Dollar notes Naira closed at ₦1,373.25 per dollar on May 29, according to the latest available official rate at the start of trading on June 1. Data published by the Central Bank of Nigeria showed that the official Nigerian Foreign Exchange Market (NFEM) exchange rate noted that the market recorded a high of […]
•Dollars and Naira notes Data published by the Central Bank of Nigeria (CBN) shows that the Naira recorded a slight depreciation against the United States Dollar today, Tuesday, May 19, 2026. The currency traded at about ₦1,373.5 per dollar at the Nigerian Foreign Exchange Market (NFEM) window, compared to ₦1,372 recorded in the previous sessi...
•Dollar and Naira notes The Naira yesterday depreciated to N1,387 per dollar in the parallel market from N1,383 per dollar last week Thursday. But the naira appreciated to N1,367.5per dollar in the Nigerian Foreign Exchange Market, NFEM, reports Vanguard. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for ...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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