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Currency - Page 58

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

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

GTBank, Zenith, Others Receive 6 New Forex Directives From CBN

The domiciliary account withdrawal limit has been increased to $10,000 per day by the Central Bank of Nigeria (CBN), as the apex bank issues six new directives to Deposit Money Banks (DMBs). CBN released new foreign exchange (Forex) directives to commercial banks

June 19, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market’s Dollar, Euro And Pound Rates Rise, USD Drops By N39 In Official Market

In the Bureau De Change window of the black market, the cost of the dollar, euro and the British pound increased on Friday, as the value of the naira fell. According to Naira Rates, a parallel rate aggregator, the average price the

June 19, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Market Traders Increase Dollar Rate To N702, Black Market USD, Pound Rates Drop

The official market dollar rate ended Thursday’s trading with N702.19/$1, up from the N664.04/$1 reported during the previous day’s session. According to the analysis of the official dollar rate provided by FMDQ Exchange, authorised dealers increased the cost of the United States

June 16, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business·Currency

CBN To End RT200 FX, Naira4Dollar Schemes After Black Market And Official Rates’ Gap Fall By N192

The RT200 FX Programme and the Naira4Dollar scheme will be phased out by the Central Bank of Nigeria (CBN) following the apex bank’s decision to unify the multiple exchange rates. According to the CBN in a statement on Wednesday, the financial regulator

June 15, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Black Market And Official Dollar Rates’ Gap Drop By 66% To N96

On Wednesday, foreign exchange investors and exporters in the official and black markets saw the gap between both markets’ dollar rates shrink by 66.6%. This represents a reduction of N192.37, as the gap reduced from N288.63 kobo recorded on Tuesday, to N96.26

June 15, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Updated: CBN Officially Devalues Naira, Dollar Sells At N664

The Central Bank of Nigeria (CBN) has finally devalued the naira, Prime Business Africa gathered from FMDQ Exchange on Wednesday night. According to FMDQ Exchange, which is the official market foreign exchange aggregator, the dollar closed at N664.04/$1. The dollar rate was

June 14, 2023

Business·Currency·News

10 Gains Of CBN’s Exchange Rate Unification – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) says it welcomes the bold step taken by the Tinubu administration to unify the naira exchange rate and unlock the huge potentials for investment, jobs and capital flows. According to Dr Muda Yusuf,

June 14, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

The Central Bank of Nigeria (CBN) has reportedly directed Deposit Money Banks (DMBs) to sell dollars, euros and pounds at market-determined rates. According to a report by Nairametrics, the CBN has decided to allow Nigeria’s foreign exchange markets to operate a freely

June 14, 2023

Business·Currency

Forex Traders Drop Prices Of Dollar, Pound, Euro In Official Window, Black Market

In the official window and the black market on Tuesday, the naira appreciated in value, as the rates of the dollar, pound and euro fell. According to FMDQ Exchange, at the end of trading, the dollar rate settled at N471.67, dropping slightly

June 14, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

FX Dealers Increase Dollar Rate In Official Channel, USD Trades At N754.5 In Black Market

The official market on Friday, 9 June, recorded a 0.6% decline in the value of the naira, as the dollar rate was up by N3, according to the FMDQ Exchange, the official foreign exchange rate aggregator. It was gathered that the investors

June 12, 2023

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Currency - Page 58

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

GTBank, Zenith, Others Receive 6 New Forex Directives From CBN

Black Market’s Dollar, Euro And Pound Rates Rise, USD Drops By N39 In Official Market

Official Market Traders Increase Dollar Rate To N702, Black Market USD, Pound Rates Drop

CBN To End RT200 FX, Naira4Dollar Schemes After Black Market And Official Rates’ Gap Fall By N192

Black Market And Official Dollar Rates’ Gap Drop By 66% To N96

Updated: CBN Officially Devalues Naira, Dollar Sells At N664

10 Gains Of CBN’s Exchange Rate Unification – CPPE

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

Forex Traders Drop Prices Of Dollar, Pound, Euro In Official Window, Black Market

FX Dealers Increase Dollar Rate In Official Channel, USD Trades At N754.5 In Black Market

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Currency - Page 58

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