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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

February 25, 2025

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

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

Business News·Currency·Markets

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

July 26, 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

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

Business News·Markets·News

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

June 2, 2024

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

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

Business News·Markets·News

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

May 28, 2024

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

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

Business News·Markets·News

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

April 24, 2024

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

Business News·Markets·News

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

April 21, 2024

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

Business News·Markets·News

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

April 17, 2024

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

Business News·FEATURES·News

How Stronger Naira Is Failing To Put Food On Tables

April 16, 2024

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

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

Business News·Markets·News

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

April 12, 2024

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

Business News·Markets·News

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

April 4, 2024

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

Business News·Markets·News

Nigerian Govt To Raise $10bn To Boost Foreign Exchange Liquidity As Naira Falls To N1,850/$1

February 21, 2024

In a bid to address the escalating challenges in the foreign exchange market, the Nigerian Federal Government has announced plans to secure a substantial sum of $10 billion. The aim is to

Business News·Markets·News

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

February 20, 2024

The Nigerian naira hit a new low against the US dollar on Monday, sparking concern among citizens as the currency continued its downward spiral in both official and parallel foreign exchange markets.

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business News·Markets·News

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

February 9, 2024

In a turn of events, the Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a significant 56% decline in transaction value, plummeting from $465.29 million on Tuesday to $203.93 million on Wednesday, as

Gold remains too hot to chase, too hot to short

Business News·Currency

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

January 21, 2024

As global tensions escalate with conflicts in the Middle East and geopolitical events unfold, Gold prices surge beyond $2,030, reflecting heightened demand for safe-haven assets.

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

Business News·Currency·News

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

January 9, 2024

In a twist of currency dynamics, the naira faces a tale of two markets as its value fluctuates to N1,230/$1 and N1,245/$1, driven by unofficial P2P and physical black markets despite Nigeria’s apex

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

Business News·Currency

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

January 9, 2024

In a positive turn for the Nigerian economy, the Naira saw a surge against the dollar at both the official and parallel forex markets on Monday. The official exchange rate closed at

Business News·Currency·News

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

December 15, 2023

On a day marked by a marginal gain for the Naira against the dollar, the local currency appreciated to close at N901.41 to a dollar at the official market, while holding steady

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

Business News·Currency·News

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

December 6, 2023

In a dramatic plunge, the Nigerian Naira plummeted to a historic low of N951/$1, marking a 15.19% depreciation in the official market. Wednesday’s trading saw fluctuations, with an intraday high of N1159.10/$1

Business News·Currency

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

October 21, 2023

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks

Business News

Naira Falls to N1045/$ Amid Federal Reserve’s Cautious Stance

October 12, 2023

As the Federal Reserve maintains a cautious stance amidst uncertainties, the naira faces a significant decline in the parallel market. The continuous mismatch between demand and supply has pushed the naira to

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

Business News·Currency

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

January 18, 2023

The volume of foreign exchange (forex) traded on Tuesday, 17 January 2023, fell by 72 per cent in the Investors and Exporters (I&E) window of the official market. According to data obtained

Naira Opens Week With Gain Across FX Markets

Opinion·Business News

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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

Nigerian Govt To Raise $10bn To Boost Foreign Exchange Liquidity As Naira Falls To N1,850/$1

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

Naira Falls to N1045/$ Amid Federal Reserve’s Cautious Stance

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

Hoard The Naira Or Dollar?

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