By Our Reporter LAGOS (CONVERSEER) – The Nigerian naira has extended its gain against the American dollar at the official window on Wednesday, 11 February 2026. At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,348.95/$1, compared to N1,351.02/$1 it traded on Tuesday. This represents…
By Babajide Okeowo LAGOS (CONVERSEER) – The Nigerian currency, the naira, extended its recovery against the American dollar at the official window on Thursday. At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,396.99/$1 on Wednesday, compared to N1,400.47/$1 it traded on Wednesday. This represents a…
By Babajide Okeowo LAGOS (CONVERSEER) – Investors in the Nigerian equities market gained N233 billion at the close of trading on Thursday. This followed the surge in the share prices of stocks such as RT Briscoe, SCOA and DeapCap, among others, on the trading floor. The benchmark All-Share Index (ASI) increased to 165,527.31 points from the…
By Joe Udo IBADAN (CONVERSEER) – A Federal High Court sitting in Ibadan, Oyo State, has convicted and sentenced two people, David Chukwudi and Mary Temitope, to six months imprisonment each for stepping on the naira note. The duo were sentenced by Justice Nkeonye Maha, on Monday. According to the judge, her judgment was based…
…Tinubu applauds development, charges Nigerians to invest more locally By Our Reporter ABUJA (CONVERSEER) – President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the ₦100 trillion milestone on the Nigerian Exchange (NGX). A statement by Bayo Onanuga, Special Adviser to the President, Information and Strategy…
The Nigerian currency, the naira, shed N18 against the United States dollar at the official market on Thursday. Data from the Central Bank of Nigeria (CBN) Foreign exchange showed that the naira traded N1, 629.93/$1 as against the N1, 611.55/$1 recorded on Wednesday. This represents a loss of N18.38 for the local currency. On the…
The Nigerian currency, the naira, depreciated against the American dollar at the black market on Wednesday, April 9, 2025. This is even as there is no official rates from the Central Bank of Nigeria (CBN) Foreign exchange data several hours after the market closed. On the black market, the naira fell to N1,620/$1 as against…
The Nigerian equities market rebounded from last week’s massive loss as investors gained N794 billion on the trading floor of the Nigerian Xchange (NGX). Ripples Nigeria reports that investors recorded a loss of N1.452 trillion the previous week. However, this week, the bourse rebounded, and recorded gains in three of the five trading days. The…
The Nigerian currency, the naira, continued to react negatively to the assumption of office of Donald Trump as the 47th President of the United States by depreciating marginally against the dollar at both the official window and parallel market on Tuesday, January 21, 2025. FMDQ data showed that the naira depreciated to N1,552.78/$1 on Tuesday,…
Lagos, Nigeria – The naira commenced the new year trading at relatively stable rates across various foreign exchange (FX) markets, reflecting a mixed but steady performance as observed on Thursday. At the official market, also known as the Nigerian Foreign Exchange Market (NFEM), the naira opened at N1,538.50 to the dollar, according to data from…
