•Makinde and Tinubu The Makinde-Daura Presidential Campaign Organisation (MDPCO) has accused President Bola Ahmed Tinubu of taking credit for an alleged recovery of the naira while failing to acknowledge the economic hardship Nigerians have endured under his administration. The campaign organisation, which supports the presidential bid of the ...
•Tinubu in Uyo, yesterday President Bola Tinubu has defended his administration’s economic reforms, saying the naira would have become worthless if his government had failed to take decisive action to remove the fuel subsidy upon assuming office. He made the remarks at a state reception held in his honour at the newly constructed Banquet Hall ...
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 […]
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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