business

Naira rises, now N1,374/$ in parallel market

4 November 2026

…As interbank turnover rises 445% By Elizabeth Adegbesan The Naira yesterday appreciated to N1,374 per dollar from N1,377 in the parallel market on Monday. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the official market rose slightly to N1,347.75 per dollar from N1,346.01 per dollar on Monday, indicating N1.74 depreciation for the naira.

…As interbank turnover rises 445% By Elizabeth Adegbesan The Naira yesterday appreciated to N1,374 per dollar from N1,377 in the parallel market on Monday. But the naira depreciated to N1,347.75 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the official market rose slightly to N1,347.75 per dollar from N1,346.01 per dollar on Monday, indicating N1.74 depreciation for the naira.

Consequently, the margin between the parallel and official markets narrowed to N26.25 per dollar from N30.99 per dollar on Monday. The value of interbank turnover in NFEM increased sharply by 445.6 percent to $118.95 billion from $21.8 billion on Monday.

market
naira
dollar
interbank
turnover
exchange
nfem
elizabeth

Related news

business

Bond market: Turnover declined by 44% to GH¢5.03bn

The secondary market turnover declined by 44.87% week-on-week to GH¢5.03 billion last week. Databank Research expects the upcoming inflation release to shape near-term trading activity, as investors reassess interest rate expectations and reposition portfolios in response to the inflation outlook.

1d ago

Read →

business

Britain’s housing market unlikely to recover until 2028, says Savills

House prices forecast to fall by 1.5% next year as Middle East war keeps mortgage rates higher for longer Britain’s sluggish housing market is not expected to recover until 2028 as higher mortgage rates linked to the war in the Middle East deter buyers and weigh on prices. The property firm Savills said average house prices were expected to drift lower during the rest of 2026 and fall by 1.5% in 2027, as the prolonged conflict undermines buyers’ confidence and keeps mortgage rates higher for longer.

2h ago

Read →

business

Live: US midterms in sharp focus, oil price eases

Futures are pointing to a modestly lower open for the Australian share market as the US midterms come into sharp focus. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

11h ago

Read →

business

Ghanaian consumer packaged goods increased by 8.9% in half-year 2026 – Maverick Research

Recent data from Maverick Research, which measures Consumer Packaged Goods (CPG) performance across West African markets, shows that Ghanaian CPG volumes increased by 8.9% in the first half of 2026, alongside value growth of 15.6%. 80% of Ghana’s five biggest share gainers over the past two years — Viju, Verna, Malta Guinness, Geisha and Bigoo — expanded their distribution.

16h ago

Read →

business

Bank customers protest alleged N100m fraud in Jos, documents show N10m investment deal

Customers alleged fraudulent transactions involving more than N100 million, demanding intervention by the Central Bank of Nigeria (CBN) and the federal government.

20h ago

Read →

business

Currency outside banks rises 104% in 3 yrs — CBN

•Demand deposits climb 71% •Analysts highlight cash dependence, financial inclusion challenges By Peter Egwuatu Currency held outside the banking system by Nigerians rose by 103.8 per cent to N4.923 trillion in September 2026 from N2.416 trillion in September 2023, highlighting the persistent demand for physical cash despite the expansion of electronic payment channels in the country. Data from the Central Bank of Nigeria, CBN, Money and Credit Statistics, also showed that currency outside banks increased by 10.3 per cent year-on-year from N4.465 trillion in September 2025 to N4.923 trillion…

1d ago

Read →