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Currency - Page 41

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th September 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as the black market, as of 16th September 2025, is

September 10, 2025

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

The official foreign exchange market witnessed a staggering 180.59% increase in dollar supply, soaring to $440.13 million on Friday. The naira’s closing rate at N1435.53/$ marked the end of a tumultuous week, with forex turnover spiking from $156.86 million on Thursday, according

February 5, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·News

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30 billion deposits in domiciliary accounts in the country to naira. A report in one of the media outlets on Saturday quoted a source as saying that the government plans to

February 3, 2024

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Business·Currency

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum share capital requirement of $1 million.

February 3, 2024

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

In a turn of events, the exchange rate between the Nigerian naira and the US dollar has reached an unprecedented low, trading at around N1450/$1 on the black market, marking a 37.6% depreciation in just one month. The volatility persists despite the

February 1, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·Currency

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to prevent losses. This is as the country’s economy continues to witness depreciation of the local currency, the naira.

January 31, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Currency

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

The Nigerian naira witnessed a further decline on Tuesday, 30 January 2024, closing at N1,482 against the US dollar.

January 31, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Stakeholders and economic experts have continued to express concerns about the persistent depreciation of the value of Nigerian currency, the naira.

January 30, 2024

Business·Currency

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

The Nigerian naira plummeted to an unprecedented low of N1,348.63 against the dollar on the Nigerian Autonomous Foreign Exchange Market on Monday, marking a 51.21% fall from the previous week’s official rate. The nation’s official exchange rate hasn’t witnessed such a dire

January 30, 2024

Business·Currency

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

The Nigerian naira has plunged to a historic low of N900 against the US dollar in the official market, marking a setback despite relentless efforts by the Central Bank of Nigeria (CBN) to shore up the national currency. It also plummeted to

January 27, 2024

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency

Naira Gains Marginally By 1.02% At Official Market

Nigerian currency the Naira, recorded a marginal gain of 1.02 percent against the US dollar as trading closed N891.90 /$ on Friday, 26th January 2024 at the official market.

January 27, 2024

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Currency - Page 41

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th September 2025

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

Naira Gains Marginally By 1.02% At Official Market

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