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Dollar rate

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Dollar Rate Drops To N1,455/$ In Official Window, Rises To N1,505/$ In Parallel Market

In the Nigerian foreign exchange market (NFEM), also known as the official window, the foreign exchange (FX) rate of the United States dollar (USD) dropped to N1,455.25/$ on Thursday, December 11. The exchange rate dropped by N2.75 kobo, from the N1,458 per

December 11, 2025

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Business·Top Stories

Dollar Rate Drops To N1,467/$ In Parallel Market, Rises To N1,446/$ In Official Window

In the parallel market on Friday, November 28, the foreign exchange rate decreased by N7 to N1,467.9 kobo per dollar, from N1,474.9 kobo/$ reported on November 27. This indicates the naira became stronger in the black market, appreciating by 0.47 percent, according

November 28, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th September 2025

Business

Dollar Rate Increases In Parallel Market, Drops In Official Window

The dollar strengthened by 0.34 percent against the naira on Tuesday, November 25, as the foreign exchange (FX) rate increased to N1,480/$ in the parallel market. On Monday, November 24, the greenback had traded for N1,474.9 kobo/$, indicating the cost of buying

November 25, 2025

Business·Top Stories

Investing In Wema Bank Shares More Profitable Than Hoarding Dollars In 2025

Year-to-date, investing in Wema Bank has been more profitable than hoarding the United States dollar (USD), according to analysis by Prime Business Africa. Between January 2 and July 23, the dollar has traded flat against the naira at N1,534/$ in the official

July 23, 2025

Business·Currency·Insights

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Six days ago, the Central Bank of Nigeria (CBN) lifted the restriction placed on sales of foreign exchange to the Bureau De Change operators by the apex Bank’s suspended chief, Godwin Emefiele. Since his suspension, the CBN’s acting governor, Fola Shonubi, has

August 24, 2023

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

Business

Authorised Dealers Increase Price Of Dollars

The authorised dealers in the official market sold the United States Dollar (USD) at the rate of N774.77/$1 at the end of trading on Tuesday. According to data released by the FMDQ Exchange, the dollar rate increased by N30.36 kobo compared to

August 16, 2023

Business

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

Wale Edun, one of the ministerial nominees of President Bola Tinubu, has disclosed that corruption and inefficiencies are behind the dollar trading as high as N860/$1. The special adviser on monetary policies to President Tinubu also said the foreign exchange management in

August 2, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Dollar Rate Drops To A Low Of N465, BDC USD Price Rises

In the Investors’ and Exporters’ window of the official market on Friday, the dollar was traded as low as N465/$1 and as high as N799.50/$1. However, the dollar depreciated by N7.16 kobo or 0.93 per cent at the end of trading, considering

July 31, 2023

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Business

Airtel Africa Loses $471 million To CBN’s Naira Devaluation

Airtel Africa has disclosed that the company suffered a foreign exchange loss of $471 million in the second quarter (Q2) of 2023. Despite the loss, the chief executive officer of Airtel Africa, Olusegun Ogunsanya, welcomed the naira devaluation by the Central Bank

July 28, 2023

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

Business·Insights

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

The Central Bank of Nigeria (CBN) has reported that Nigeria’s foreign reserves dropped to $33.98 billion on Wednesday, 19 July. This is the lowest level since August 2021 when the external reserves climbed to $34.01 billion during President Muhammadu Buhari’s tenure. Recall that

July 21, 2023

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Dollar rate

Dollar Rate Drops To N1,455/$ In Official Window, Rises To N1,505/$ In Parallel Market

Dollar Rate Drops To N1,467/$ In Parallel Market, Rises To N1,446/$ In Official Window

Dollar Rate Increases In Parallel Market, Drops In Official Window

Investing In Wema Bank Shares More Profitable Than Hoarding Dollars In 2025

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Authorised Dealers Increase Price Of Dollars

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

Official Dollar Rate Drops To A Low Of N465, BDC USD Price Rises

Airtel Africa Loses $471 million To CBN’s Naira Devaluation

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

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