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Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Naira Appreciates To N1,610/$1 In Parallel Market

The Nigerian Naira appreciated against the U.S. dollar in the parallel market on Friday, closing at N1,610 per dollar, representing a N20 gain from the previous day. Currency traders confirmed the development, noting increased dollar supply in the market. Euro and Pound
January 31, 2025
CBN dollar

Dollar Falls Sharply As CBN Introduces FX Code

The dollar has fallen sharply against the naira in the last two days after the Central Bank of Nigeria (CBN) introduced a new Foreign Exchange (FX) Code. The FX Code aims to improve liquidity and transparency in Nigeria’s foreign exchange market. According
January 30, 2025
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