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Dollar and Naira exchange rate

Weak Naira: CBN Sells $543.5m To Boost FX Market

Expert Highlights Reasons For Naira Rally, Counters Claim That CBN Spent $8bn Defending Currency

Economist and public affairs analyst, Mr Kelvin Emmanuel, has highlighted reasons the naira experienced stability in recent times and countered a claim that the Central Bank of Nigeria (CBN) spent about $8 billion to strengthen the local currency. Mr Emmanuel said there

February 25, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th July 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, especially the Aboki fx as of 26th July 2024

July 26, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Markets·News

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

The exchange rate for Nigeria Customs duties collection has surged by 23.9%, rising from N1,196.6 per USD to N1,482.9/$. This increase of N286.3 occurred over just two days, starting from 30th May 2024, when the rate was at N1,196.6/$. The initial drop

June 2, 2024

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

Business·Markets·News

Naira Appreciates To N1,3339/$1 At Official Market As CBN Addresses Market Volatility

The Nigerian naira appreciated significantly on Monday, closing at 1,339.33 per dollar in the official window. This marks a 9.68% increase from Friday’s rate of 1,482.81 per dollar. According to data from the FMDQ, which oversees the Nigerian Autonomous Foreign Exchange Market,

May 28, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

The Nigerian Naira has taken a hit, falling to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024. This represents a 5.05% devaluation from the N1,234.49/$1 reported on the first day of the week. The exchange rate has now weakened by

April 24, 2024

Business·Markets·News

Dollar Rise Spurs EFCC Crackdown On Currency Manipulation By Cryptocurrency Platforms, Others

The Economic and Financial Crimes Commission (EFCC) has intensified its efforts to combat currency manipulation, particularly in light of the rise of the dollar against the naira. Sources within the commission reveal that this crackdown targets not only cryptocurrency platforms like Binance

April 21, 2024

Business·Markets·News

BDCs Now Buying Dollars At N980/$1, Selling At N1,020– ABCON President

The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadebe, expressed satisfaction with the rise of the naira against the United States Dollar, citing it as an achievement for the country’s economy. Speaking on a Channels Television

April 17, 2024

Business·FEATURES·News

How Stronger Naira Is Failing To Put Food On Tables

In a country where the value of money can make or break everyday life, the Nigerian Naira’s recent rise against the dollar has grabbed headlines. Yet, amidst this financial seesaw, a less celebrated narrative unfolds—one of escalating food prices that threatens the

April 16, 2024

Stop Buying Electricity Infrastructure, Transformers, Poles - Power Minister Tells Nigerians

Business·Markets·News

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

The Minister of Power, Adebayo Adelabu, addressed concerns about the recent electricity tariff hike, emphasizing the potential for reduction if the exchange rate improves. Adelabu asserted during his appearance on Channel Television’s Politics Today, “The tariff is flexible. I can tell you,

April 12, 2024

Business·Markets·News

Steady Dollar Supply Pushes Naira To N1,262/$, Delighting Nigerians

The Nigerian Naira continues its upward trend against the United States dollar at N1,262/$1, bringing smiles to many faces across the nation. On Wednesday, the currency appreciated both at the official foreign exchange and parallel markets, marking a significant gain. According to

April 4, 2024

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Dollar and Naira exchange rate

Expert Highlights Reasons For Naira Rally, Counters Claim That CBN Spent $8bn Defending Currency

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th July 2024

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

Naira Appreciates To N1,3339/$1 At Official Market As CBN Addresses Market Volatility

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

Dollar Rise Spurs EFCC Crackdown On Currency Manipulation By Cryptocurrency Platforms, Others

BDCs Now Buying Dollars At N980/$1, Selling At N1,020– ABCON President

How Stronger Naira Is Failing To Put Food On Tables

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

Steady Dollar Supply Pushes Naira To N1,262/$, Delighting Nigerians

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