Peter Obi has clarified his billionaire status after a recent interview sparked conversations online. The former Anambra State governor said he is a billionaire when his wealth is measured in naira. However, he stressed that he is not a dollar billionaire. Obi made the clarification during an interview with media personalities Adeola Fayehun and Rudolf…
The British Pound falls as the naira strengthens to ₦1,825 per £1 amid UK political uncertainty, reflecting volatility in the GBP to NGN exchange rate. The Nigerian naira strengthened against the British pound on the foreign exchange market as political uncertainty continued to cloud the UK economy. The pound traded at about N1,825/£1, highlighting the…
Naira Weakens to N1,361.5/$ as FX Market Turnover Drops 57% The naira recorded a slight loss against the US dollar on Wednesday at the Nigerian Foreign Exchange Market (NFEM). Data from the Central Bank of Nigeria (CBN) showed the local currency closed at N1,361.5/$, compared to N1,356.5/$ in the previous trading session. However, the bigger…
Naira strengthens to N1,356 per dollar at the official market as Nigeria’s foreign reserves climb to $50.51bn The naira gained strength on Monday in the official foreign exchange market. It closed at N1,356 per dollar. This is its best level since April 23, 2026. The previous close on Friday was N1,365.4 per dollar. That shows…
The dollar to naira exchange rate today remained relatively stable across both the official and parallel foreign exchange markets. Data from Nigeria’s official foreign exchange market showed the naira trading at approximately ₦1,362 per United States dollar on Friday, June 12, 2026, reflecting continued stability in the country’s forex market. The latest figures come after…
Naira falls Against Dollar for Second Straight Day For the second consecutive day this week, the Nigerian naira continued its downward trend against the U.S. dollar at the official foreign exchange window. According to the Central Bank of Nigeria’s (CBN) official exchange rate data, the naira closed at ₦1,537.09 per dollar on Tuesday, slightly weaker…
