Business News
Naira weakens against dollar at official market
The naira recorded a slight drop against the United States dollar at the official foreign exchange market on Monday, opening the week on a negative note.
Figures released by the Central Bank of Nigeria showed that the local currency closed at N1,390.36 to the dollar on Monday, compared to N1,386.55 recorded at the end of trading last Friday.
This indicates that the naira depreciated by N3.81 against the dollar within one trading day, reflecting continued pressure on the local currency at the official market.
Meanwhile, at the black market, Naira remained unchanged at between N1460 and N1470 per dollar on Monday, the same as on Friday, according to multiple Bureau de Change operators in Wuse Zone 4, Abuja.
Recall that after last week’s currency trading, the naira appreciated significantly across official and parallel foreign markets.
The apex bank data showed that Nigeria’s external reserves stood at $46.18 billion as of January 29th, 2026.
Follow Us on Google Discover
Tension as traditional ruler collapses, dies in Ondo
2027: Kwankwaso a goat in sheep’s clothing, secretly working for Tinubu – Atiku Campaign Council
DSS arrests Maina’s fugitive son in Abuja, hands him over to EFCC
2027: Step down if you are not working for Tinubu – Deji Adeyanju dares Obi, Kwankwaso
2027: ‘I wont join my Uncle to support Tinubu’ – Davido says
Enugu NYSC death: NAFDAC debunks claims linking corps members death to fake drugs
33 Governors cannot be wrong in supporting Tinubu – Bayo Onanuga
Security forces arrest five suspects over abduction of 20 NYSC members in Imo
Rugby star Hyron Andrews dies at 31 after accidental fall in South Africa
LAUTECH Resident Doctors halt 50-day strike as Makinde intervenes
House Officers, Nurses, Radiographers, Others wanted as DELSUTH opens recruitment – Apply Now
FG raises health fund allocation to N40.76bn, extends insurance to prison inmates
Erisco Foods announces 13 job openings across Nigeria – Apply Now
Tinubu reappoints Bala Bila as INEC commissioner, nominates six others
2027: ‘Don’t trust your destiny to ‘kalokalo’ people’ – Wike warns Rivers voters against Atiku, Amaechi, Obi
Erisco Foods announces 13 job openings across Nigeria – Apply Now
‘You Betrayed Osun People’ — Adeleke, Davido face backlash over support for Tinubu
Ex-Senator Bello Mandiya’s body found in Abuja home three days after he slipped, hit his head in the bathroom
Tinubu reappoints Bala Bila as INEC commissioner, nominates six others
JUST IN: Finnish Appeal Court reduces Simon Ekpa’s jail term to four years, upholds terrorism conviction
‘I love Islam, I’ve sent people to Mecca to pray for me, Nigeria for 25 years’ – Akpabio
House Officers, Nurses, Radiographers, Others wanted as DELSUTH opens recruitment – Apply Now
Over 10 soldiers, four civilians feared dead as Boko Haram terrorists attack Borno military base
Zamfara govt set to empower 36,176 residents with Dangote shares
Umahi reopens first Niger bridge after emergency repairs, displays Tinubu’s photos
Panic in Rivers community as pipeline explosion injures 20, razes over 50 houses
‘Local champion’ – Donald Duke takes fresh swipe at Gov Diri over Lagos-Calabar coastal highway
Elon Musk unveils Tesla’s ‘flying’ car in stunning demonstration
Tension escalates as thugs attack NDC secretariat in Edo, destroy properties
