NewsBreakNigeria
USD/NGN 1,323.32 ▾0.1%GBP/NGN 1,789.10 ▾0.1%USD/NGN black market ₦1,405GBP/NGN black market ₦1,900
USD/NGN 1,323.32 ▾0.1%GBP/NGN 1,789.10 ▾0.1%USD/NGN black market ₦1,405GBP/NGN black market ₦1,900

Why the exchange rate is not yet N1,000/$1

Nigeria’s stronger oil earnings and rising foreign exchange reserves have improved the country’s external position, but the naira has remained above N1,300 to the dollar, raising questions about why higher dollar…

Aggregated · originally by Nairametrics
5 Sept 2026, 22:54 WAT · 3 min read
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Why the exchange rate is not yet N1,000/$1

Nigeria’s stronger oil earnings and rising foreign exchange reserves have improved the country’s external position, but the naira has remained above N1,300 to the dollar, raising questions about why higher dollar…