Tag: Dollar

The Naira on Friday closed the week stronger with a gain of N1.65 against the U.S. dollar at the official market, after it traded at N1,454.41.

According to data released on the official website of the Central Bank of Nigeria, this represents a 0.11 per cent gain when compared to Thursday when it traded at N1,456.06.

The Naira, which opened the trading week with slight depreciation, experienced weeklong minimal losses trading at N1,455.38 on Wednesday.

On Monday and Tuesday, the local currency traded at N1,451.86 and N1,454.38 respectively.

(NAN)

The Naira closed the week slightly weaker on Friday, recording a loss of N2.60 against the United States dollar at the official foreign exchange market.

It settled at N1,450.42, according to figures released on the Central Bank of Nigeria’s official website, reflecting a mild but persistent downward drift.

The latest closing rate represents a 0.17 per cent depreciation when compared with Thursday’s level of N1,447.82, which itself showed limited pressure on market stability.

On Wednesday, the Naira exchanged at N1,447.64, marking a 0.1 per cent decline as demand for the dollar continued to outweigh available supply.

The currency had earlier traded at N1,445.39 on Tuesday, representing a 0.2 per cent loss when set beside Monday’s rate of N1,448.43 per dollar.

The News Agency of Nigeria (NAN) reports that the week’s movements highlight ongoing fragility in the official window, where modest fluctuations have become increasingly common in recent months.

(NAN)

The Naira on Friday closed the week slightly weaker, as it lost 19 kobo against the U.S. dollar at the official market trading at N1,533.74.

Data released on the official website of the Central Bank of Nigeria showed that the Naira traded on Thursday at N1,533.55.

On Wednesday, the Naira slightly depreciated trading at N1,534.52 compared to the trading figures on Tuesday when it traded at N1,533.18.

On Monday the Naira opened the trading week with slight gain trading at 1,534.20 to a dollar.

(NAN)

The Naira closed the week on a positive note, gaining 4.52 kobo against the U.S. dollar at the official market on Friday.

According to the latest figures from the Central Bank of Nigeria, the Naira traded at N1,534.72 per dollar.

The figure represents a modest gain of 0.05 per cent on Thursday, when it was valued at N1,534.79 to the dollar.

Read Also: Naira mutilation unlawful, weakens economy, says SAN

However, the Naira had experienced minimal losses earlier in the week, trading at N1,535.62 on Wednesday and N1,535.24 on Tuesday.

The trading week began with a minor decline of 20 kobo on Monday.

(NAN)

The Naira wrapped up the trading week on a positive trajectory, closing bullish on Friday at the official foreign exchange market. The local currency appreciated to N1,598.72 against the U.S. Dollar, marking a modest gain that underscores ongoing efforts to stabilise the currency.

According to data published on the Central Bank of Nigeria’s (CBN) official website, the Naira gained N0.60k against the Dollar on Friday. This represents a 0.03 per cent appreciation from the N1,599.32 recorded at the close of trading on Thursday.

Earlier in the week, the Naira demonstrated resilience, recording gains on both Tuesday and Wednesday. On Tuesday, it appreciated by 0.02 per cent, followed by a stronger 0.21 per cent rise on Wednesday. These gains were interpreted as “positive indicators of growing investor confidence and increased supply in the foreign exchange market.”

Thursday, however, brought a minor setback. The Naira weakened by N2.62 against the Dollar, translating to a 0.16 per cent decline. Market analysts attributed this dip to “a brief increase in Dollar demand from importers and other market participants.”

Read Also: National Assembly urged to repeal law on naira abuse

Despite the midweek stumble, the Naira ended the week on a high note, reflecting what many see as gradual recovery and increased market stability.

“Analysts continue to monitor the Central Bank’s policies, especially interventions aimed at improving Dollar liquidity and managing demand pressures.”

The Naira’s outlook in the coming weeks will depend heavily on “consistent supply inflows and investor sentiment across the broader economic landscape,” analysts noted.

The naira strengthened against the US dollar in the official foreign exchange market on Monday, posting its most notable appreciation in weeks.

According to data from the Central Bank of Nigeria (CBN), the naira closed at N1,600.44 to the dollar, improving from N1,606.15 recorded at the close of trading last Friday. This marks a N5.71 gain for the local currency.

It is the most significant appreciation since April 30, 2025, when the naira closed at N1,596.68 following a N3.02 gain that day.

Read Also: FG forges ahead with Naira-for-Crude policy implementation

Meanwhile, activity in the parallel market remained unchanged. The naira held steady at N1,630 to the dollar on Monday—the same rate observed at the end of last week.

This latest development follows a stretch in which the naira faced more depreciation than recovery, despite a series of monetary policy interventions by the Central Bank aimed at stabilising the currency.

The apex bank continues to monitor and adjust its strategies as the naira’s performance remains volatile across both markets.

The Naira depreciated on Friday at the official market, trading at N1,602.18 to the dollar.Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49.

This represents a 0.34 per cent loss when compared to the N1,596.69 per dollar recorded on Wednesday, April 30, before the Workers’ Day holiday on Thursday, May 1.

The Naira had remained relatively static for three trading days, from Monday, April 28, to Wednesday, April 30, when it traded at N1,599.95, N1,599.71, and N1,596.69, respectively.

The local currency, which closed the current week on a negative note, had also opened the trading week with a minimal loss of 0.02 per cent.

(NAN)

The Naira closed stronger on Friday in the official market, trading at N1,599.55 to the Dollar, ending a week marked by fluctuations.

This recovery follows a period of instability, with the local currency experiencing several days of inconsistent performance.

Data from the Central Bank of Nigeria (CBN) indicated that the Naira gained N2.27 against the Dollar.

The gain represents a 0.14 per cent improvement from Thursday’s rate of N1,601.82 to the Dollar.

Read Also: Naira abuse: Court remands hip-hop musician “Terry Apala”

The Naira had opened negatively following the Easter break on Tuesday, April 22.

On that day, it traded at N1,602.63 per Dollar, a 0.16 per cent loss from 17 April’s rate of N1,599.94.

By Wednesday, April 23, the Naira strengthened slightly to N1,602.30, a 0.03 per cent gain from the previous day.

(NAN) 

The exchange rate for the US dollar to the naira today is ₦1,600.7991, marking a slight decline of -0.432% compared to yesterday’s rate.

Over the past week, the dollar has shown relative stability against the naira, although it has slipped by -2.094% compared to its value seven days ago.

Within this one-week window, the exchange rate has fluctuated between a high of ₦1,636.71 recorded on April 10, 2025, and a low of ₦1,589.45 on April 14, 2025. The most significant single-day shift happened on April 10, when the naira strengthened, leading to a -2.252% drop in the dollar’s value.

Current Rates:
1 USD = ₦1,600.7991  
1 NGN = $0.00062469  

US Dollar to Nigerian Naira Conversion Table:
1 USD = ₦1,600.7991  
3 USD = ₦4,802.3973  
5 USD = ₦8,003.9955  
7 USD = ₦11,205.5937  
10 USD = ₦16,007.991  
12 USD = ₦19,209.5892  
15 USD = ₦24,011.9865  
25 USD = ₦40,019.9775  
30 USD = ₦48,023.973  
45 USD = ₦72,035.9595  
50 USD = ₦80,039.955  
75 USD = ₦120,059.9325  
100 USD = ₦160,079.91  
300 USD = ₦480,239.73  
400 USD = ₦640,319.64  
500 USD = ₦800,399.55  
750 USD = ₦1,200,599.325  
1,000 USD = ₦1,600,799.1  
3,000 USD = ₦4,802,397.3  
5,000 USD = ₦8,003,995.5  
7,500 USD = ₦12,005,993.25  
10,000 USD = ₦16,007,991  
15,000 USD = ₦24,011,986.5  
25,000 USD = ₦40,019,977.5  
50,000 USD = ₦80,039,955  
75,000 USD = ₦120,059,932.5  
100,000 USD = ₦160,079,910  

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Nigerian Naira to US Dollar Conversion Table:
1 NGN = $0.00062469  
3 NGN = $0.00187406  
5 NGN = $0.00312344  
7 NGN = $0.00437282  
10 NGN = $0.00624688  
12 NGN = $0.00749626  
15 NGN = $0.00937032  
25 NGN = $0.0156172  
30 NGN = $0.01874064  
45 NGN = $0.02811096  
50 NGN = $0.0312344  
75 NGN = $0.0468516  
100 NGN = $0.0624688  
300 NGN = $0.1874064  
400 NGN = $0.2498752  
500 NGN = $0.312344  
750 NGN = $0.46851601  
1,000 NGN = $0.62468801  
3,000 NGN = $1.87406402  
5,000 NGN = $3.12344004  
7,500 NGN = $4.68516006  
10,000 NGN = $6.24688007  
15,000 NGN = $9.37032011  
25,000 NGN = $15.61720018  
50,000 NGN = $31.23440037  
75,000 NGN = $46.85160055  
100,000 NGN = $62.46880074