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Currency - Page 47

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

Business·Currency·News

Former Finance Minister Says Nigeria’s FX Crisis Worthy Of Guinness World Records

In an assessment of Nigeria’s economic turmoil, former Minister of Finance, Kalu Idika, expressed profound concern over the country’s foreign exchange crisis, suggesting it merits a place in the Guinness World Records. His remarks followed President Bola Tinubu’s recent claims about his

November 23, 2023

Business·Currency·News

Zhao Plea Deal: Traders ‘Withdraw Over $1 Billion’ From Binance In 24 Hours

Twenty-four hours after Binance founder, Changpeng Zhao resigned and pleaded guilty in a settlement with United States authorities, outflows from the world’s largest crypto exchange by trade volume have exceeded $1 billion, excluding bitcoin. In a report by CNBC on Wednesday, it

November 23, 2023

Business·Currency·News·World News

US SEC Sues Kraken, Accelerating Crypto Exchange Regulation

The U.S. Securities and Exchange Commission (SEC) escalated its regulatory crackdown on cryptocurrency exchanges, filing a lawsuit against Kraken, the third-largest global exchange. Accused of operating without regulatory approval, this legal action dashes hopes within the sector of relaxed oversight following unfavorable

November 21, 2023

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

Business·Currency·News

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

In a financial upturn that defied the odds, thirteen Nigerian states have raked in a sum of N71.59 billion in foreign exchange revaluation profits within just three months. This revelation surfaced from the latest third-quarter budget implementation reports, showcasing a windfall amidst the Naira’s

November 20, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency·Finance & Economy·News

8 Firms Hit By Naira Devaluation: N918.1bn Currency Revaluation Loss

In a blow to major corporations, the decline in the naira’s value has led eight Nigerian firms to declare N918.1 billion in currency revaluation losses. The naira’s slide, exacerbated by the market-driven valuation initiated by the Central Bank of Nigeria, has sent

November 13, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency·News

Naira Rises To N780/$1 In Official Market, Depreciates In Black Market

Today’s financial landscape presents a tale of dual destinies for the Nigerian naira: a soaring achievement in the official market as it reaches a new high of N780 against the dollar, juxtaposed against a contrasting narrative of depreciation in the black market.

November 10, 2023

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

Business·Currency·News

Naira Gains To N1120/$1 As Nigerian Govt Aims To Boost Dollar Supply

The Naira experienced a gain of 1.75 percent against the dollar on the parallel market, reaching N1120/$1 on Thursday. This upward movement is attributed to growing optimism surrounding the government’s plans to enhance dollar liquidity and digitalize FX transactions. The government’s initiatives aim

November 9, 2023

Business·Currency·News

Naira Depreciates In Official Market, Black Market On Wednesday

The naira took a dip against the U.S. dollar, leaving speculators scratching their heads. The official market, usually a bastion of stability, witnessed a 0.55% depreciation, closing at N874.71 to a dollar on Wednesday. This marked a contrast to the brief uptick recorded

November 9, 2023

Naira Depreciation Spurs Export Surge To N35trn

Business·Currency·News

Old, Redesigned Naira Notes Remain Legal Tender – CBN

The Central Bank of Nigeria (CBN) has reiterated that the old and newly redesigned naira notes remain legal tender. The CBN emphasized this point following Section 20(5) of the CBN Act, 2007. Despite previous assurances of adequate cash stocks across the country,

November 8, 2023

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

Business·Currency·News

Naira Depreciates To N869/$1 In Official Market, Gains In Black Market

The exchange rate between the Naira and the US Dollar saw a drop to N869.91 per dollar on Tuesday at the official market. This development marks an N60.89 loss, representing a 6.99% decline in the local currency compared to the N809.02 it

November 7, 2023

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Currency - Page 47

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

Former Finance Minister Says Nigeria’s FX Crisis Worthy Of Guinness World Records

Zhao Plea Deal: Traders ‘Withdraw Over $1 Billion’ From Binance In 24 Hours

US SEC Sues Kraken, Accelerating Crypto Exchange Regulation

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

8 Firms Hit By Naira Devaluation: N918.1bn Currency Revaluation Loss

Naira Rises To N780/$1 In Official Market, Depreciates In Black Market

Naira Gains To N1120/$1 As Nigerian Govt Aims To Boost Dollar Supply

Naira Depreciates In Official Market, Black Market On Wednesday

Old, Redesigned Naira Notes Remain Legal Tender – CBN

Naira Depreciates To N869/$1 In Official Market, Gains In Black Market

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