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Foreign Exchange

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2025

Dollar Trades At N1,447.5/$, Pound At N1924.4/£ In Official Window

The naira was relatively stable on Wednesday, December 3, as the foreign exchange (FX) rate for dollar increased marginally by N0.5 kobo on the Nigerian foreign exchange market (NFEM). According to data obtained from the Central Bank of Nigeria (CBN), the naira

December 3, 2025

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Business·Top Stories

Gap Between Official Window, Parallel Market Dollar Rates Widens To N23

In the official window on Monday, December 1, the foreign exchange rate for the dollar increased by N3.1 kobo after the naira depreciated by 0.21 percent at the close of trading. According to data obtained from the Central Bank of Nigeria (CBN),

December 1, 2025

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

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

Business

Dollar Rate Gap Between Official Window, Parallel Market Reduces To N29

The gap between the parallel market and the official window reduced to N29 on Thursday, November 27, from N32.9 kobo recorded on Wednesday, November 26. The gap reduced despite the United States dollar (USD) appreciating against the naira in the official window,

November 27, 2025

Business·News

How FX Gain Now Major Source Of FAAC Revenue – Report

Foreign exchange (FX) gains have emerged as a significant revenue source for Nigeria’s Federation Account Allocation Committee (FAAC), according to a recent report by Agora Policy, a think-tank organisation. The report, titled “How Exchange Gain Became a Major Source of Federation Revenue,”

June 8, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Finance & Economy·News

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has advanced reasons the monetary authority decided to adopt the policy of allowing market forces determine rates in the foreign exchange market in the country.

February 22, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Finance & Economy·News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when he appeared before the House of Representatives on Tuesday, to

February 6, 2024

Business·News

World Bank Blames Remittance Diversion On Exchange Rate Woes In Africa

World Bank's latest Migration and Development Brief, titled “Leveraging Diaspora Finances for Private Capital Mobilization,” underscores the adverse impact of fixed exchange rates and capital controls on remittance flows in Sub-Saharan Africa.

December 27, 2023

FEATURES·Finance & Economy

UPDATED: Top 15 African Countries With Strongest Currency Exchange Rate

Many African currencies have over the years suffered from weak value in the global exchange market due to dynamics in the economies of the countries. According to an International Monetary Fund (IMF) report in May 2023, many African countries have weak currencies

August 11, 2023

Finance & Economy

‘Tinubu’s Reforms Will Bolster Econonmic Growth’

A Stakeholder in Nigeria’s Energy Sector and a former Presidential Candidate, Mr. Gbenga Olawepo-Hashim, has indicated that Nigeria may be set for a huge economic growth owing to the current financial and economic reforms embarked on by the administration of President Bola

July 3, 2023

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Foreign Exchange

Dollar Trades At N1,447.5/$, Pound At N1924.4/£ In Official Window

Gap Between Official Window, Parallel Market Dollar Rates Widens To N23

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

Dollar Rate Gap Between Official Window, Parallel Market Reduces To N29

How FX Gain Now Major Source Of FAAC Revenue – Report

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

World Bank Blames Remittance Diversion On Exchange Rate Woes In Africa

UPDATED: Top 15 African Countries With Strongest Currency Exchange Rate

‘Tinubu’s Reforms Will Bolster Econonmic Growth’

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