The naira recorded a slight depreciation at the official market on Tuesday, April 7, 2026, trading at N1,386.65 to the United States dollar.
Data released by the Central Bank of Nigeria (CBN) showed that the naira lost N5.86, representing a 0.4 per cent decline compared with N1,380.79 per dollar recorded on Thursday, April 2, before the Easter break.
The local currency traded at N1,378.70 per dollars on April 1, indicating a marginal depreciation of 0.1 per cent.
However, with the recent movement, analysts remained optimistic about the outlook of the currency in 2026, citing ongoing reforms by the apex bank.
Dangote Refinery raises petrol price to N1,275, diesel nears N2,000
The Centre for the Promotion of Private Enterprise (CPPE) said naira stability in the first quarter of the year boosted business confidence.
According to the CPPE, the currency remains relatively stable during the period, trading within the N1,340 to N1,430 per dollar band.
It attributed the stability to improved foreign exchange liquidity, stronger oil earnings, and rising external reserves, which had climbed above $50 billion.
Businessman Farooq Oreagba, popularly known as "Mr Steeze," has opened up about his dramatic financial…
The Federal Airports Authority of Nigeria (FAAN) has clarified that there was no fire outbreak…
Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has criticised the…
The Ijebu Southern District Grammar School Old Students Association Ala-Ijebu (ISDGSOSA) has elected new executives…
The operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a 38-year-old notorious…
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted consignments of cocaine concealed…
This website uses cookies.