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Currency - Page 73

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

Black Market Increases Dollar Rate Amid Probe Of CBN’s Cash Withdrawal Policy

The FMDQ Securities Exchange has revealed that the dollar rate in the Investors and Exporters (I&E) window of the official market rose 0.09 per cent. Prime Business Africa gathered from FMDQ Securities foreign exchange data that the rise represents N0.38 kobo, as

December 14, 2022

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Rate Falls, As Two Governors Disagree Over CBN’s Cash Withdrawal Limit

On Monday, the naira finally gained against the United States dollar (USD) in the official exchange market, after four days of depreciation in the value of the Nigerian currency. At the end of business hours on December 12, the exchange rate between

December 13, 2022

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

Business·Currency

Naira Falls Again, Official Market Traders Increase Dollar Rate

There seems to be no end to the depreciation of naira in the official market, as the dollar rate rises by 0.11 per cent, with traders adding 50 kobo to their asking price to sell the USD. At the end of business hours

December 12, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

The naira continued its free fall on November 8 in the official market of the Investors & Exporters window after the dollar appreciated by 0.03 per cent. According to FMDQ’s exchange rate data for the official market, the naira exchanged for the

December 9, 2022

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

Business·Currency

Black Market Increases Dollar Rate, As CBN Reduces Naira Circulation

The naira weakened against the dollar on Wednesday in the black market, as the cost of purchasing the United States currency went up by 4.2 per cent. In the parallel market, the dollar was sold for N760.82 on November 7, indicating N30.82 was

December 8, 2022

Currency

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

The Central Bank of Nigeria’s new cash withdrawal limits for daily and weekly transactions is unsustainable but will speed up cashless policy adoption by Nigerians. Dr Marcel Mbamalu, CEO of Newstide Publications Limited, publishers of Prime Business Africa, expressed this view on

December 7, 2022

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why CBN’s forex intervention matters? The CBN’s $9.4 billion intervention in

December 2, 2022

Currency

Naira Reissue To Flush Out Counterfeit From Circulation – CBN

The Central Bank of Nigeria (CBN) has explained that the Naira notes redesign policy it recently introduced would help to remove fake currency in circulation and discourage hoarding of cash by members of the public. The apex bank is of the view

December 1, 2022

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Currency Redesign Can’t Improve Naira Value – CBN

The Deputy Director, Currency Operations Department of the Central Bank of Nigeria (CBN), Amina Halidu-Giwa, said the apaex bank’s redesigning programme will not improve naira value or strengthen the national currency. Halidu-Giwa said the improvement of the naira against foreign currencies is

December 1, 2022

Business·Currency

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

The Central Bank of Nigeria (CBN) has reacted to claims that it plans to release N5000 notes after redesigning the existing lower denominations. According to the CBN’s Director of Currency Operations, Ahmed Umar, the apex bank is not introducing N5000 notes, contrary

November 30, 2022

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Currency - Page 73

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

Black Market Increases Dollar Rate Amid Probe Of CBN’s Cash Withdrawal Policy

Dollar Rate Falls, As Two Governors Disagree Over CBN’s Cash Withdrawal Limit

Naira Falls Again, Official Market Traders Increase Dollar Rate

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

Black Market Increases Dollar Rate, As CBN Reduces Naira Circulation

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

Naira Reissue To Flush Out Counterfeit From Circulation – CBN

Currency Redesign Can’t Improve Naira Value – CBN

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

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Currency - Page 73

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