Naira breaks new ground, gains 3.6% as foreign investors move dollars into Nigeria

Dollar crashes as black market traders release new exchange rate

The US dollar has depreciated by N50 in the parallel market on February 3, as the naira strengthened slightly against the euro and British pound.

Naira Opens at N1,384.5/$ in Official Market

The naira began today stronger, closing at ₦1,384.5 per US dollar in the official FX market, up from ₦1,391/$ at the end of January. At first glance, the change looks modest. What makes it meaningful is the message it sends about alignment between the official market and the parallel market, a spread businesses track because … The post Naira Opens at N1,384.5/$ in Official Market appeared first on Business Elites Africa.

Renewed FX Pressure Weakens Naira to N1,390/$1 at Official Market

By Adedapo Adesanya The value of the Naira dropped against the United States Dollar in the the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Monday, February 2 by N3.81 or 0.27 per cent to N1,390.36/$1 from the N1,386.55/$1 it traded last Friday. This was driven by stronger demand for forex at the official market, which […]

Black Market Dollar To Naira Exchange Rate Today 3 February 2026

The dollar to naira exchange rate for today, 3 February 2026, can be accessed for both the CBN and black market rates below.

Naira opens February at N1,384.5/$, strengthens against dollar

The naira appreciated against the United States dollar on the first trading day of February 2026, closing at N1,384.5/$ at the official foreign …

Naira Falls Against Dollar Across Markets on Feb 2 - Economi Confidential

Naira Falls Against Dollar Across Markets on Feb 2 The naira reversed recent gains against the U.S. dollar on Monday, February 2, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,445/$1 for buying and ₦1,455/$1 for selling, weakening from […] The post Naira Falls Against Dollar Across Markets on Feb 2 appeared first on Economi Confid…